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Rhode Island Powerball Jackpot Annuity Payout Schedule for Sep 21, 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 $196,800,000 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:Sat, Sep 21, 2024
Jackpot:$196,800,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$2,962,122$1,054,173$177,431$1,730,518
2$3,110,229$1,108,972$186,303$1,814,954
3$3,265,740$1,166,512$195,618$1,903,611
4$3,429,027$1,226,928$205,399$1,996,701
5$3,600,478$1,290,365$215,669$2,094,445
6$3,780,502$1,356,974$226,452$2,197,077
7$3,969,527$1,426,913$237,775$2,304,840
8$4,168,004$1,500,349$249,663$2,417,991
9$4,376,404$1,577,457$262,147$2,536,800
10$4,595,224$1,658,421$275,254$2,661,550
11$4,824,985$1,743,432$289,017$2,792,536
12$5,066,235$1,832,695$303,467$2,930,073
13$5,319,546$1,926,420$318,641$3,074,486
14$5,585,524$2,024,832$334,573$3,226,119
15$5,864,800$2,128,164$351,302$3,385,335
16$6,158,040$2,236,663$368,867$3,552,511
17$6,465,942$2,350,586$387,310$3,728,046
18$6,789,239$2,470,206$406,675$3,912,357
19$7,128,701$2,595,807$427,009$4,105,885
20$7,485,136$2,727,688$448,360$4,309,088
21$7,859,393$2,866,163$470,778$4,522,452
22$8,252,362$3,011,562$494,316$4,746,484
23$8,664,980$3,164,231$519,032$4,981,718
24$9,098,229$3,324,533$544,984$5,228,713
25$9,553,141$3,492,850$572,233$5,488,058
26$10,030,798$3,669,583$600,845$5,760,370
27$10,532,338$3,855,153$630,887$6,046,298
28$11,058,955$4,050,001$662,431$6,346,522
29$11,611,902$4,254,592$695,553$6,661,758
30$12,192,498$4,469,412$730,331$6,992,755
Total$196,800,000$71,561,637$11,788,322$113,450,051

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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.