Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 14, 2025 is estimated to be $600 Million, with a cash option of 277.2 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 Tue Oct 14, 2025

Draw Date	Jackpot	Cash Option
Tue Oct 14, 2025	$600,000,000	$277,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$277,200,000
Federal Tax(24%)	$66,528,000
Additional Federal Tax	$35,996,330
State Tax(5.99%)	$16,604,280
Net Lumpsum Payment	$158,071,390

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,030,600	-$3,301,652 -$540,933	$5,188,015
2	$9,482,400	-$3,468,818 -$567,996	$5,445,586
3	$9,956,400	-$3,644,198 -$596,388	$5,715,814
4	$10,454,400	-$3,828,458 -$626,219	$5,999,723
5	$10,977,000	-$4,021,820 -$657,522	$6,297,658
6	$11,526,000	-$4,224,950 -$690,407	$6,610,643
7	$12,102,000	-$4,438,070 -$724,910	$6,939,020
8	$12,707,400	-$4,662,068 -$761,173	$7,284,159
9	$13,342,800	-$4,897,166 -$799,234	$7,646,400
10	$14,010,000	-$5,144,030 -$839,199	$8,026,771
11	$14,710,200	-$5,403,104 -$881,141	$8,425,955
12	$15,445,800	-$5,675,276 -$925,203	$8,845,321
13	$16,218,000	-$5,960,990 -$971,458	$9,285,552
14	$17,029,200	-$6,261,134 -$1,020,049	$9,748,017
15	$17,880,600	-$6,576,152 -$1,071,048	$10,233,400
16	$18,774,600	-$6,906,932 -$1,124,599	$10,743,069
17	$19,713,000	-$7,254,140 -$1,180,809	$11,278,051
18	$20,698,800	-$7,618,886 -$1,239,858	$11,840,056
19	$21,733,800	-$8,001,836 -$1,301,855	$12,430,109
20	$22,820,400	-$8,403,878 -$1,366,942	$13,049,580
21	$23,961,600	-$8,826,122 -$1,435,300	$13,700,178
22	$25,159,800	-$9,269,456 -$1,507,072	$14,383,272
23	$26,417,400	-$9,734,768 -$1,582,402	$15,100,230
24	$27,738,600	-$10,223,612 -$1,661,542	$15,853,446
25	$29,125,200	-$10,736,654 -$1,744,599	$16,643,947
26	$30,582,000	-$11,275,670 -$1,831,862	$17,474,468
27	$32,110,800	-$11,841,326 -$1,923,437	$18,346,037
28	$33,716,400	-$12,435,398 -$2,019,612	$19,261,390
29	$35,402,400	-$13,059,218 -$2,120,604	$20,222,578
30	$37,172,400	-$13,714,118 -$2,226,627	$21,231,655