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Rhode Island Powerball Jackpot Annuity Payout Schedule for Nov 6, 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 $181,900,000 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:Mon, Nov 6, 2023
Jackpot:$181,900,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,737,856$970,027$163,998$1,603,831
2$2,874,749$1,020,677$172,197$1,681,874
3$3,018,486$1,073,860$180,807$1,763,819
4$3,169,411$1,129,702$189,848$1,849,861
5$3,327,881$1,188,336$199,340$1,940,205
6$3,494,275$1,249,902$209,307$2,035,066
7$3,668,989$1,314,546$219,772$2,134,670
8$3,852,438$1,382,422$230,761$2,239,255
9$4,045,060$1,453,693$242,299$2,349,069
10$4,247,313$1,528,526$254,414$2,464,373
11$4,459,679$1,607,101$267,135$2,585,443
12$4,682,663$1,689,606$280,492$2,712,566
13$4,916,796$1,776,235$294,516$2,846,045
14$5,162,636$1,867,196$309,242$2,986,199
15$5,420,768$1,962,704$324,704$3,133,359
16$5,691,806$2,062,989$340,939$3,287,878
17$5,976,396$2,168,287$357,986$3,450,123
18$6,275,216$2,278,850$375,885$3,620,481
19$6,588,977$2,394,942$394,680$3,799,356
20$6,918,426$2,516,838$414,414$3,987,174
21$7,264,347$2,644,829$435,134$4,184,384
22$7,627,564$2,779,219$456,891$4,391,454
23$8,008,943$2,920,329$479,736$4,608,878
24$8,409,390$3,068,494$503,722$4,837,173
25$8,829,859$3,224,068$528,909$5,076,883
26$9,271,352$3,387,421$555,354$5,328,578
27$9,734,920$3,558,941$583,122$5,592,858
28$10,221,666$3,739,037$612,278$5,870,351
29$10,732,749$3,928,137$642,892$6,161,720
30$11,269,387$4,126,693$675,036$6,467,657
Total$181,900,000$66,013,607$10,895,810$104,990,583

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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.