USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Oct 11, 2023

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The tax information provided here is based on 2025 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $1,764,900,000 for a ticket purchased in Rhode Island, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Rhode Island

Drawing Date:Wed, Oct 11, 2023
Jackpot:$1,764,900,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$26,564,278$9,785,803$1,591,200$15,187,274
2$27,892,492$10,277,242$1,670,760$15,944,489
3$29,287,116$10,793,253$1,754,298$16,739,565
4$30,751,473$11,335,065$1,842,013$17,574,394
5$32,289,045$11,903,967$1,934,114$18,450,964
6$33,903,498$12,501,314$2,030,820$19,371,364
7$35,598,674$13,128,530$2,132,361$20,337,784
8$37,378,607$13,787,105$2,238,979$21,352,524
9$39,247,537$14,478,609$2,350,927$22,418,001
10$41,209,914$15,204,688$2,468,474$23,536,752
11$43,270,410$15,967,072$2,591,898$24,711,440
12$45,433,930$16,767,574$2,721,492$25,944,863
13$47,705,626$17,608,102$2,857,567$27,239,957
14$50,090,908$18,490,656$3,000,445$28,599,807
15$52,595,453$19,417,338$3,150,468$30,027,648
16$55,225,226$20,390,354$3,307,991$31,526,881
17$57,986,487$21,412,020$3,473,391$33,101,076
18$60,885,811$22,484,770$3,647,060$34,753,981
19$63,930,102$23,611,158$3,829,413$36,489,531
20$67,126,607$24,793,865$4,020,884$38,311,859
21$70,482,937$26,035,707$4,221,928$40,225,302
22$74,007,084$27,339,641$4,433,024$42,234,418
23$77,707,439$28,708,773$4,654,676$44,343,991
24$81,592,810$30,146,360$4,887,409$46,559,040
25$85,672,450$31,655,827$5,131,780$48,884,843
26$89,956,074$33,240,768$5,388,369$51,326,938
27$94,453,878$34,904,955$5,657,787$53,891,135
28$99,176,570$36,652,351$5,940,677$56,583,542
29$104,135,399$38,487,118$6,237,710$59,410,571
30$109,342,170$40,413,623$6,549,596$62,378,951
Total$1,764,900,004$651,723,608$105,717,511$1,007,458,885

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.