Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(5.99%)	$9,212,620
Net Lumpsum Payment	$87,721,050

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$311,938	$3,008,549
2	$5,468,184	-$1,983,558 -$327,544	$3,157,082
3	$5,741,524	-$2,084,694 -$343,917	$3,312,913
4	$6,028,704	-$2,190,951 -$361,119	$3,476,634
5	$6,330,070	-$2,302,456 -$379,171	$3,648,443
6	$6,646,660	-$2,419,595 -$398,135	$3,828,930
7	$6,978,820	-$2,542,494 -$418,031	$4,018,295
8	$7,327,934	-$2,671,666 -$438,943	$4,217,325
9	$7,694,348	-$2,807,239 -$460,891	$4,426,218
10	$8,079,100	-$2,949,597 -$483,938	$4,645,565
11	$8,482,882	-$3,098,997 -$508,125	$4,875,760
12	$8,907,078	-$3,255,949 -$533,534	$5,117,595
13	$9,352,380	-$3,420,711 -$560,208	$5,371,461
14	$9,820,172	-$3,593,794 -$588,228	$5,638,150
15	$10,311,146	-$3,775,454 -$617,638	$5,918,054
16	$10,826,686	-$3,966,204 -$648,518	$6,211,964
17	$11,367,830	-$4,166,427 -$680,933	$6,520,470
18	$11,936,308	-$4,376,764 -$714,985	$6,844,559
19	$12,533,158	-$4,597,599 -$750,736	$7,184,823
20	$13,159,764	-$4,829,443 -$788,270	$7,542,051
21	$13,817,856	-$5,072,937 -$827,690	$7,917,229
22	$14,508,818	-$5,328,593 -$869,078	$8,311,147
23	$15,234,034	-$5,596,923 -$912,519	$8,724,592
24	$15,995,926	-$5,878,823 -$958,156	$9,158,947
25	$16,795,532	-$6,174,677 -$1,006,052	$9,614,803
26	$17,635,620	-$6,485,510 -$1,056,374	$10,093,736
27	$18,517,228	-$6,811,705 -$1,109,182	$10,596,341
28	$19,443,124	-$7,154,286 -$1,164,643	$11,124,195
29	$20,415,384	-$7,514,022 -$1,222,882	$11,678,480
30	$21,436,084	-$7,891,681 -$1,284,021	$12,260,382