Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(5.99%)	$8,362,040
Net Lumpsum Payment	$79,625,630

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$311,036	$2,999,968
2	$5,452,380	-$1,977,711 -$326,598	$3,148,071
3	$5,724,930	-$2,078,554 -$342,923	$3,303,453
4	$6,011,280	-$2,184,504 -$360,076	$3,466,700
5	$6,311,775	-$2,295,687 -$378,075	$3,638,013
6	$6,627,450	-$2,412,487 -$396,984	$3,817,979
7	$6,958,650	-$2,535,031 -$416,823	$4,006,796
8	$7,306,755	-$2,663,830 -$437,675	$4,205,250
9	$7,672,110	-$2,799,011 -$459,559	$4,413,540
10	$8,055,750	-$2,940,958 -$482,539	$4,632,253
11	$8,458,365	-$3,089,925 -$506,656	$4,861,784
12	$8,881,335	-$3,246,424 -$531,992	$5,102,919
13	$9,325,350	-$3,410,710 -$558,588	$5,356,052
14	$9,791,790	-$3,583,293 -$586,528	$5,621,969
15	$10,281,345	-$3,764,428 -$615,853	$5,901,064
16	$10,795,395	-$3,954,627 -$646,644	$6,194,124
17	$11,334,975	-$4,154,271 -$678,965	$6,501,739
18	$11,901,810	-$4,364,000 -$712,918	$6,824,892
19	$12,496,935	-$4,584,196 -$748,566	$7,164,173
20	$13,121,730	-$4,815,370 -$785,992	$7,520,368
21	$13,777,920	-$5,058,161 -$825,297	$7,894,462
22	$14,466,885	-$5,313,078 -$866,566	$8,287,241
23	$15,190,005	-$5,580,632 -$909,881	$8,699,492
24	$15,949,695	-$5,861,718 -$955,387	$9,132,590
25	$16,746,990	-$6,156,717 -$1,003,145	$9,587,128
26	$17,584,650	-$6,466,651 -$1,053,321	$10,064,678
27	$18,463,710	-$6,791,903 -$1,105,976	$10,565,831
28	$19,386,930	-$7,133,494 -$1,161,277	$11,092,159
29	$20,356,380	-$7,492,191 -$1,219,347	$11,644,842
30	$21,374,130	-$7,868,758 -$1,280,310	$12,225,062