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Rhode Island Powerball Jackpot Annuity Payout Schedule for Jul 19, 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 $1,079,800,000 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, Jul 19, 2023
Jackpot:$1,079,800,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$16,252,540$5,970,460$973,527$9,308,553
2$17,065,167$6,271,132$1,022,203$9,771,831
3$17,918,425$6,586,837$1,073,314$10,258,274
4$18,814,347$6,918,329$1,126,979$10,769,039
5$19,755,063$7,266,394$1,183,328$11,305,341
6$20,742,817$7,631,862$1,242,495$11,868,459
7$21,779,958$8,015,605$1,304,619$12,459,734
8$22,868,956$8,418,534$1,369,850$13,080,571
9$24,012,403$8,841,610$1,438,343$13,732,451
10$25,213,023$9,285,839$1,510,260$14,416,924
11$26,473,675$9,752,280$1,585,773$15,135,622
12$27,797,358$10,242,043$1,665,062$15,890,254
13$29,187,226$10,756,294$1,748,315$16,682,617
14$30,646,588$11,296,258$1,835,731$17,514,599
15$32,178,917$11,863,219$1,927,517$18,388,180
16$33,787,863$12,458,530$2,023,893$19,305,440
17$35,477,256$13,083,605$2,125,088$20,268,563
18$37,251,119$13,739,934$2,231,342$21,279,842
19$39,113,674$14,429,080$2,342,909$22,341,685
20$41,069,358$15,152,683$2,460,055$23,456,621
21$43,122,826$15,912,466$2,583,057$24,627,303
22$45,278,967$16,710,238$2,712,210$25,856,519
23$47,542,916$17,547,899$2,847,821$27,147,196
24$49,920,061$18,427,443$2,990,212$28,502,407
25$52,416,064$19,350,964$3,139,722$29,925,378
26$55,036,868$20,320,662$3,296,708$31,419,498
27$57,788,712$21,338,844$3,461,544$32,988,324
28$60,678,146$22,407,934$3,634,621$34,635,591
29$63,712,054$23,530,480$3,816,352$36,365,222
30$66,897,657$24,709,153$4,007,170$38,181,334
Total$1,079,800,002$398,236,611$64,680,020$616,883,372

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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.