Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 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 Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(5.99%)	$14,627,580
Net Lumpsum Payment	$139,258,090

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$480,529	$4,613,116
2	$8,423,532	-$3,077,037 -$504,570	$4,841,925
3	$8,844,602	-$3,232,833 -$529,792	$5,081,977
4	$9,286,992	-$3,396,517 -$556,291	$5,334,184
5	$9,751,235	-$3,568,287 -$584,099	$5,598,849
6	$10,238,930	-$3,748,734 -$613,312	$5,876,884
7	$10,750,610	-$3,938,056 -$643,962	$6,168,592
8	$11,288,407	-$4,137,041 -$676,176	$6,475,190
9	$11,852,854	-$4,345,886 -$709,986	$6,796,982
10	$12,445,550	-$4,565,184 -$745,488	$7,134,878
11	$13,067,561	-$4,795,328 -$782,747	$7,489,486
12	$13,721,019	-$5,037,107 -$821,889	$7,862,023
13	$14,406,990	-$5,290,917 -$862,979	$8,253,094
14	$15,127,606	-$5,557,545 -$906,144	$8,663,917
15	$15,883,933	-$5,837,386 -$951,448	$9,095,099
16	$16,678,103	-$6,131,228 -$999,018	$9,547,857
17	$17,511,715	-$6,439,665 -$1,048,952	$10,023,098
18	$18,387,434	-$6,763,681 -$1,101,407	$10,522,346
19	$19,306,859	-$7,103,868 -$1,156,481	$11,046,510
20	$20,272,122	-$7,461,016 -$1,214,300	$11,596,806
21	$21,285,888	-$7,836,109 -$1,275,025	$12,174,754
22	$22,350,289	-$8,229,937 -$1,338,782	$12,781,570
23	$23,467,457	-$8,643,289 -$1,405,701	$13,418,467
24	$24,641,123	-$9,077,546 -$1,476,003	$14,087,574
25	$25,872,886	-$9,533,298 -$1,549,786	$14,789,802
26	$27,167,010	-$10,012,124 -$1,627,304	$15,527,582
27	$28,525,094	-$10,514,615 -$1,708,653	$16,301,826
28	$29,951,402	-$11,042,349 -$1,794,089	$17,114,964
29	$31,449,132	-$11,596,509 -$1,883,803	$17,968,820
30	$33,021,482	-$12,178,279 -$1,977,987	$18,865,216