Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(5.99%)	$10,979,670
Net Lumpsum Payment	$104,539,000

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$356,114	$3,428,997
2	$6,242,580	-$2,270,085 -$373,931	$3,598,564
3	$6,554,630	-$2,385,543 -$392,622	$3,776,465
4	$6,882,480	-$2,506,848 -$412,261	$3,963,371
5	$7,226,525	-$2,634,145 -$432,869	$4,159,511
6	$7,587,950	-$2,767,872 -$454,518	$4,365,560
7	$7,967,150	-$2,908,176 -$477,232	$4,581,742
8	$8,365,705	-$3,055,641 -$501,106	$4,808,958
9	$8,784,010	-$3,210,414 -$526,162	$5,047,434
10	$9,223,250	-$3,372,933 -$552,473	$5,297,844
11	$9,684,215	-$3,543,490 -$580,084	$5,560,641
12	$10,168,485	-$3,722,670 -$609,092	$5,836,723
13	$10,676,850	-$3,910,765 -$639,543	$6,126,542
14	$11,210,890	-$4,108,360 -$671,532	$6,430,998
15	$11,771,395	-$4,315,747 -$705,107	$6,750,541
16	$12,359,945	-$4,533,510 -$740,361	$7,086,074
17	$12,977,725	-$4,762,089 -$777,366	$7,438,270
18	$13,626,710	-$5,002,213 -$816,240	$7,808,257
19	$14,308,085	-$5,254,322 -$857,054	$8,196,709
20	$15,023,430	-$5,518,999 -$899,903	$8,604,528
21	$15,774,720	-$5,796,977 -$944,906	$9,032,837
22	$16,563,535	-$6,088,838 -$992,156	$9,482,541
23	$17,391,455	-$6,395,169 -$1,041,748	$9,954,538
24	$18,261,245	-$6,716,991 -$1,093,849	$10,450,405
25	$19,174,090	-$7,054,744 -$1,148,528	$10,970,818
26	$20,133,150	-$7,409,596 -$1,205,976	$11,517,578
27	$21,139,610	-$7,781,986 -$1,266,263	$12,091,361
28	$22,196,630	-$8,173,083 -$1,329,578	$12,693,969
29	$23,306,580	-$8,583,765 -$1,396,064	$13,326,751
30	$24,471,830	-$9,014,907 -$1,465,863	$13,991,060