Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(5.99%)	$22,264,830
Net Lumpsum Payment	$211,945,840

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$721,244	$6,904,130
2	$12,643,200	-$4,638,314 -$757,328	$7,247,558
3	$13,275,200	-$4,872,154 -$795,184	$7,607,862
4	$13,939,200	-$5,117,834 -$834,958	$7,986,408
5	$14,636,000	-$5,375,650 -$876,696	$8,383,654
6	$15,368,000	-$5,646,490 -$920,543	$8,800,967
7	$16,136,000	-$5,930,650 -$966,546	$9,238,804
8	$16,943,200	-$6,229,314 -$1,014,898	$9,698,988
9	$17,790,400	-$6,542,778 -$1,065,645	$10,181,977
10	$18,680,000	-$6,871,930 -$1,118,932	$10,689,138
11	$19,613,600	-$7,217,362 -$1,174,855	$11,221,383
12	$20,594,400	-$7,580,258 -$1,233,605	$11,780,537
13	$21,624,000	-$7,961,210 -$1,295,278	$12,367,512
14	$22,705,600	-$8,361,402 -$1,360,065	$12,984,133
15	$23,840,800	-$8,781,426 -$1,428,064	$13,631,310
16	$25,032,800	-$9,222,466 -$1,499,465	$14,310,869
17	$26,284,000	-$9,685,410 -$1,574,412	$15,024,178
18	$27,598,400	-$10,171,738 -$1,653,144	$15,773,518
19	$28,978,400	-$10,682,338 -$1,735,806	$16,560,256
20	$30,427,200	-$11,218,394 -$1,822,589	$17,386,217
21	$31,948,800	-$11,781,386 -$1,913,733	$18,253,681
22	$33,546,400	-$12,372,498 -$2,009,429	$19,164,473
23	$35,223,200	-$12,992,914 -$2,109,870	$20,120,416
24	$36,984,800	-$13,644,706 -$2,215,390	$21,124,704
25	$38,833,600	-$14,328,762 -$2,326,133	$22,178,705
26	$40,776,000	-$15,047,450 -$2,442,482	$23,286,068
27	$42,814,400	-$15,801,658 -$2,564,583	$24,448,159
28	$44,955,200	-$16,593,754 -$2,692,816	$25,668,630
29	$47,203,200	-$17,425,514 -$2,827,472	$26,950,214
30	$49,563,200	-$18,298,714 -$2,968,836	$28,295,650