Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Tue Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(5.99%)	$3,761,720
Net Lumpsum Payment	$35,841,950

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$126,218	$1,240,950
2	$2,212,560	-$778,978 -$132,532	$1,301,050
3	$2,323,160	-$819,900 -$139,157	$1,364,103
4	$2,439,360	-$862,894 -$146,118	$1,430,348
5	$2,561,300	-$908,011 -$153,422	$1,499,867
6	$2,689,400	-$955,408 -$161,095	$1,572,897
7	$2,823,800	-$1,005,136 -$169,146	$1,649,518
8	$2,965,060	-$1,057,403 -$177,607	$1,730,050
9	$3,113,320	-$1,112,259 -$186,488	$1,814,573
10	$3,269,000	-$1,169,860 -$195,813	$1,903,327
11	$3,432,380	-$1,230,311 -$205,600	$1,996,469
12	$3,604,020	-$1,293,818 -$215,881	$2,094,321
13	$3,784,200	-$1,360,484 -$226,674	$2,197,042
14	$3,973,480	-$1,430,518 -$238,011	$2,304,951
15	$4,172,140	-$1,504,022 -$249,911	$2,418,207
16	$4,380,740	-$1,581,204 -$262,406	$2,537,130
17	$4,599,700	-$1,662,219 -$275,522	$2,661,959
18	$4,829,720	-$1,747,327 -$289,300	$2,793,093
19	$5,071,220	-$1,836,682 -$303,766	$2,930,772
20	$5,324,760	-$1,930,492 -$318,953	$3,075,315
21	$5,591,040	-$2,029,015 -$334,903	$3,227,122
22	$5,870,620	-$2,132,460 -$351,650	$3,386,510
23	$6,164,060	-$2,241,033 -$369,227	$3,553,800
24	$6,472,340	-$2,355,096 -$387,693	$3,729,551
25	$6,795,880	-$2,474,806 -$407,073	$3,914,001
26	$7,135,800	-$2,600,576 -$427,434	$4,107,790
27	$7,492,520	-$2,732,563 -$448,802	$4,311,155
28	$7,867,160	-$2,871,180 -$471,243	$4,524,737
29	$8,260,560	-$3,016,738 -$494,808	$4,749,014
30	$8,673,560	-$3,169,548 -$519,546	$4,984,466