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Rhode Island Powerball Jackpot Annuity Payout Schedule for Jan 13, 2024

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The tax information provided here is based on 2024 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 $78,400,000 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:Sat, Jan 13, 2024
Jackpot:$78,400,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,180,033$394,800$70,684$714,549
2$1,239,034$416,630$74,218$748,186
3$1,300,986$439,553$77,929$783,504
4$1,366,035$463,621$81,826$820,589
5$1,434,337$488,892$85,917$859,528
6$1,506,054$515,428$90,213$900,413
7$1,581,356$543,290$94,723$943,344
8$1,660,424$572,545$99,459$988,420
9$1,743,445$603,263$104,432$1,035,751
10$1,830,618$635,516$109,654$1,085,447
11$1,922,149$669,383$115,137$1,137,629
12$2,018,256$704,942$120,894$1,192,420
13$2,119,169$742,280$126,938$1,249,950
14$2,225,127$781,485$133,285$1,310,357
15$2,336,384$822,650$139,949$1,373,785
16$2,453,203$865,873$146,947$1,440,383
17$2,575,863$911,257$154,294$1,510,312
18$2,704,656$958,911$162,009$1,583,737
19$2,839,889$1,008,947$170,109$1,660,833
20$2,981,883$1,061,485$178,615$1,741,784
21$3,130,978$1,116,649$187,546$1,826,783
22$3,287,526$1,174,573$196,923$1,916,031
23$3,451,903$1,235,392$206,769$2,009,742
24$3,624,498$1,299,252$217,107$2,108,138
25$3,805,723$1,366,305$227,963$2,211,455
26$3,996,009$1,436,711$239,361$2,319,937
27$4,195,809$1,510,637$251,329$2,433,843
28$4,405,600$1,588,260$263,895$2,553,445
29$4,625,880$1,669,763$277,090$2,679,026
30$4,857,174$1,755,342$290,945$2,810,887
Total$78,400,000$27,753,635$4,696,160$45,950,208

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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.