USA Mega

Rhode Island Powerball Jackpot Annuity Payout Schedule for Jul 22, 1992

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The tax information provided here is based on 2026 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 $3,300,000 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 22, 1992
Jackpot:$3,300,000
Federal Tax:37% marginal rate
State Tax: 5.99%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$58,839$7,657$3,524$47,658
2$61,193$8,174$3,665$49,353
3$63,641$8,713$3,812$51,116
4$66,186$9,273$3,965$52,949
5$68,834$9,855$4,123$54,855
6$71,587$10,461$4,288$56,838
7$74,451$11,091$4,460$58,900
8$77,429$11,746$4,638$61,044
9$80,526$12,428$4,823$63,275
10$83,747$13,136$5,016$65,594
11$87,097$13,873$5,217$68,006
12$90,580$14,640$5,426$70,515
13$94,204$15,437$5,643$73,124
14$97,972$16,266$5,869$75,837
15$101,891$17,128$6,103$78,659
16$105,966$18,030$6,347$81,589
17$110,205$19,047$6,601$84,556
18$114,613$20,105$6,865$87,643
19$119,198$21,205$7,140$90,852
20$123,966$22,350$7,426$94,190
21$128,924$23,540$7,723$97,662
22$134,081$24,777$8,031$101,272
23$139,444$26,065$8,353$105,027
24$145,022$27,403$8,687$108,932
25$150,823$28,796$9,034$112,993
26$156,856$30,243$9,396$117,217
27$163,130$31,749$9,772$121,609
28$169,655$33,315$10,162$126,178
29$176,442$34,944$10,569$130,929
30$183,499$36,638$10,992$135,870
Total$3,300,000$578,085$197,670$2,524,242

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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.