Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(5.99%)	$4,905,810
Net Lumpsum Payment	$46,730,860

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$162,280	$1,584,173
2	$2,844,720	-$1,012,877 -$170,399	$1,661,444
3	$2,986,920	-$1,065,491 -$178,917	$1,742,512
4	$3,136,320	-$1,120,769 -$187,866	$1,827,685
5	$3,293,100	-$1,178,777 -$197,257	$1,917,066
6	$3,457,800	-$1,239,716 -$207,122	$2,010,962
7	$3,630,600	-$1,303,652 -$217,473	$2,109,475
8	$3,812,220	-$1,370,852 -$228,352	$2,213,016
9	$4,002,840	-$1,441,381 -$239,770	$2,321,689
10	$4,203,000	-$1,515,440 -$251,760	$2,435,800
11	$4,413,060	-$1,593,163 -$264,342	$2,555,555
12	$4,633,740	-$1,674,814 -$277,561	$2,681,365
13	$4,865,400	-$1,760,528 -$291,437	$2,813,435
14	$5,108,760	-$1,850,572 -$306,015	$2,952,173
15	$5,364,180	-$1,945,077 -$321,314	$3,097,789
16	$5,632,380	-$2,044,311 -$337,380	$3,250,689
17	$5,913,900	-$2,148,473 -$354,243	$3,411,184
18	$6,209,640	-$2,257,897 -$371,957	$3,579,786
19	$6,520,140	-$2,372,782 -$390,556	$3,756,802
20	$6,846,120	-$2,493,395 -$410,083	$3,942,642
21	$7,188,480	-$2,620,068 -$430,590	$4,137,822
22	$7,547,940	-$2,753,068 -$452,122	$4,342,750
23	$7,925,220	-$2,892,662 -$474,721	$4,557,837
24	$8,321,580	-$3,039,315 -$498,463	$4,783,802
25	$8,737,560	-$3,193,228 -$523,380	$5,020,952
26	$9,174,600	-$3,354,932 -$549,559	$5,270,109
27	$9,633,240	-$3,524,629 -$577,031	$5,531,580
28	$10,114,920	-$3,702,851 -$605,884	$5,806,185
29	$10,620,720	-$3,889,997 -$636,181	$6,094,542
30	$11,151,720	-$4,086,467 -$667,988	$6,397,265