Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(5.99%)	$12,638,900
Net Lumpsum Payment	$120,330,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$421,026	$4,046,798
2	$7,380,468	-$2,691,104 -$442,090	$4,247,274
3	$7,749,398	-$2,827,608 -$464,189	$4,457,601
4	$8,137,008	-$2,971,023 -$487,407	$4,678,578
5	$8,543,765	-$3,121,523 -$511,772	$4,910,470
6	$8,971,070	-$3,279,626 -$537,367	$5,154,077
7	$9,419,390	-$3,445,505 -$564,221	$5,409,664
8	$9,890,593	-$3,619,850 -$592,447	$5,678,296
9	$10,385,146	-$3,802,834 -$622,070	$5,960,242
10	$10,904,450	-$3,994,977 -$653,177	$6,256,296
11	$11,449,439	-$4,196,623 -$685,821	$6,566,995
12	$12,021,981	-$4,408,463 -$720,117	$6,893,401
13	$12,623,010	-$4,630,844 -$756,118	$7,236,048
14	$13,254,394	-$4,864,456 -$793,938	$7,596,000
15	$13,917,067	-$5,109,645 -$833,632	$7,973,790
16	$14,612,897	-$5,367,102 -$875,313	$8,370,482
17	$15,343,285	-$5,637,346 -$919,063	$8,786,876
18	$16,110,566	-$5,921,240 -$965,023	$9,224,303
19	$16,916,141	-$6,219,303 -$1,013,277	$9,683,561
20	$17,761,878	-$6,532,225 -$1,063,936	$10,165,717
21	$18,650,112	-$6,860,872 -$1,117,142	$10,672,098
22	$19,582,711	-$7,205,933 -$1,173,004	$11,203,774
23	$20,561,543	-$7,568,101 -$1,231,636	$11,761,806
24	$21,589,877	-$7,948,585 -$1,293,234	$12,348,058
25	$22,669,114	-$8,347,903 -$1,357,880	$12,963,331
26	$23,802,990	-$8,767,437 -$1,425,799	$13,609,754
27	$24,992,906	-$9,207,706 -$1,497,075	$14,288,125
28	$26,242,598	-$9,670,092 -$1,571,932	$15,000,574
29	$27,554,868	-$10,155,632 -$1,650,537	$15,748,699
30	$28,932,518	-$10,665,362 -$1,733,058	$16,534,098