Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(5.99%)	$5,768,370
Net Lumpsum Payment	$54,940,300

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$204,653	$1,987,460
2	$3,587,508	-$1,287,708 -$214,892	$2,084,908
3	$3,766,838	-$1,354,060 -$225,634	$2,187,144
4	$3,955,248	-$1,423,772 -$236,919	$2,294,557
5	$4,152,965	-$1,496,927 -$248,763	$2,407,275
6	$4,360,670	-$1,573,778 -$261,204	$2,525,688
7	$4,578,590	-$1,654,409 -$274,258	$2,649,923
8	$4,807,633	-$1,739,155 -$287,977	$2,780,501
9	$5,048,026	-$1,828,100 -$302,377	$2,917,549
10	$5,300,450	-$1,921,497 -$317,497	$3,061,456
11	$5,565,359	-$2,019,513 -$333,365	$3,212,481
12	$5,843,661	-$2,122,485 -$350,035	$3,371,141
13	$6,135,810	-$2,230,580 -$367,535	$3,537,695
14	$6,442,714	-$2,344,135 -$385,919	$3,712,660
15	$6,764,827	-$2,463,316 -$405,213	$3,896,298
16	$7,103,057	-$2,588,461 -$425,473	$4,089,123
17	$7,458,085	-$2,719,822 -$446,739	$4,291,524
18	$7,831,046	-$2,857,817 -$469,080	$4,504,149
19	$8,222,621	-$3,002,700 -$492,535	$4,727,386
20	$8,633,718	-$3,154,806 -$517,160	$4,961,752
21	$9,065,472	-$3,314,555 -$543,022	$5,207,895
22	$9,518,791	-$3,482,283 -$570,176	$5,466,332
23	$9,994,583	-$3,658,326 -$598,676	$5,737,581
24	$10,494,437	-$3,843,272 -$628,617	$6,022,548
25	$11,019,034	-$4,037,373 -$660,040	$6,321,621
26	$11,570,190	-$4,241,301 -$693,054	$6,635,835
27	$12,148,586	-$4,455,307 -$727,700	$6,965,579
28	$12,756,038	-$4,680,064 -$764,087	$7,311,887
29	$13,393,908	-$4,916,076 -$802,295	$7,675,537
30	$14,063,558	-$5,163,847 -$842,407	$8,057,304