Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Rhode Island, your state will take 5.99% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Rhode Island MEGA Millions Jackpot/Cash Option for Fri Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(5.99%)	$14,088,480
Net Lumpsum Payment	$134,127,190

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$500,363	$4,801,889
2	$8,771,220	-$3,205,682 -$525,396	$5,040,142
3	$9,209,670	-$3,367,908 -$551,659	$5,290,103
4	$9,670,320	-$3,538,349 -$579,252	$5,552,719
5	$10,153,725	-$3,717,209 -$608,208	$5,828,308
6	$10,661,550	-$3,905,104 -$638,627	$6,117,819
7	$11,194,350	-$4,102,240 -$670,542	$6,421,568
8	$11,754,345	-$4,309,438 -$704,085	$6,740,822
9	$12,342,090	-$4,526,904 -$739,291	$7,075,895
10	$12,959,250	-$4,755,253 -$776,259	$7,427,738
11	$13,606,935	-$4,994,896 -$815,055	$7,796,984
12	$14,287,365	-$5,246,655 -$855,813	$8,184,897
13	$15,001,650	-$5,510,941 -$898,599	$8,592,110
14	$15,752,010	-$5,788,574 -$943,545	$9,019,891
15	$16,539,555	-$6,079,966 -$990,719	$9,468,870
16	$17,366,505	-$6,385,937 -$1,040,254	$9,940,314
17	$18,234,525	-$6,707,105 -$1,092,248	$10,435,172
18	$19,146,390	-$7,044,495 -$1,146,869	$10,955,026
19	$20,103,765	-$7,398,723 -$1,204,216	$11,500,826
20	$21,108,870	-$7,770,612 -$1,264,421	$12,073,837
21	$22,164,480	-$8,161,188 -$1,327,652	$12,675,640
22	$23,272,815	-$8,571,272 -$1,394,042	$13,307,501
23	$24,436,095	-$9,001,686 -$1,463,722	$13,970,687
24	$25,658,205	-$9,453,866 -$1,536,926	$14,667,413
25	$26,940,810	-$9,928,430 -$1,613,755	$15,398,625
26	$28,288,350	-$10,427,020 -$1,694,472	$16,166,858
27	$29,702,490	-$10,950,252 -$1,779,179	$16,973,059
28	$31,187,670	-$11,499,768 -$1,868,141	$17,819,761
29	$32,747,220	-$12,076,802 -$1,961,558	$18,708,860
30	$34,384,470	-$12,682,584 -$2,059,630	$19,642,256