Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(5.99%)	$2,168,380
Net Lumpsum Payment	$20,677,290

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$72,124	$726,116
2	$1,264,320	-$428,129 -$75,733	$760,458
3	$1,327,520	-$451,513 -$79,518	$796,489
4	$1,393,920	-$476,081 -$83,496	$834,343
5	$1,463,600	-$501,862 -$87,670	$874,068
6	$1,536,800	-$528,946 -$92,054	$915,800
7	$1,613,600	-$557,362 -$96,655	$959,583
8	$1,694,320	-$587,229 -$101,490	$1,005,601
9	$1,779,040	-$618,575 -$106,564	$1,053,901
10	$1,868,000	-$651,490 -$111,893	$1,104,617
11	$1,961,360	-$686,034 -$117,485	$1,157,841
12	$2,059,440	-$722,323 -$123,360	$1,213,757
13	$2,162,400	-$760,418 -$129,528	$1,272,454
14	$2,270,560	-$800,438 -$136,007	$1,334,115
15	$2,384,080	-$842,440 -$142,806	$1,398,834
16	$2,503,280	-$886,544 -$149,946	$1,466,790
17	$2,628,400	-$932,838 -$157,441	$1,538,121
18	$2,759,840	-$981,471 -$165,314	$1,613,055
19	$2,897,840	-$1,032,531 -$173,581	$1,691,728
20	$3,042,720	-$1,086,137 -$182,259	$1,774,324
21	$3,194,880	-$1,142,436 -$191,373	$1,861,071
22	$3,354,640	-$1,201,547 -$200,943	$1,952,150
23	$3,522,320	-$1,263,589 -$210,987	$2,047,744
24	$3,698,480	-$1,328,768 -$221,539	$2,148,173
25	$3,883,360	-$1,397,174 -$232,613	$2,253,573
26	$4,077,600	-$1,469,042 -$244,248	$2,364,310
27	$4,281,440	-$1,544,463 -$256,458	$2,480,519
28	$4,495,520	-$1,623,673 -$269,282	$2,602,565
29	$4,720,320	-$1,706,849 -$282,747	$2,730,724
30	$4,956,320	-$1,794,169 -$296,884	$2,865,267