Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 2, 2025 is estimated to be $302 Million, with a cash option of 136 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 Sep 2, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 2, 2025	$302,000,000	$136,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,000,000
Federal Tax(24%)	$32,640,000
Additional Federal Tax	$17,640,330
State Tax(5.99%)	$8,146,400
Net Lumpsum Payment	$77,573,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,545,402	-$1,642,129 -$272,270	$2,631,003
2	$4,772,808	-$1,726,269 -$285,891	$2,760,648
3	$5,011,388	-$1,814,544 -$300,182	$2,896,662
4	$5,262,048	-$1,907,288 -$315,197	$3,039,563
5	$5,525,090	-$2,004,614 -$330,953	$3,189,523
6	$5,801,420	-$2,106,856 -$347,505	$3,347,059
7	$6,091,340	-$2,214,126 -$364,871	$3,512,343
8	$6,396,058	-$2,326,872 -$383,124	$3,686,062
9	$6,715,876	-$2,445,205 -$402,281	$3,868,390
10	$7,051,700	-$2,569,459 -$422,397	$4,059,844
11	$7,404,134	-$2,699,860 -$443,508	$4,260,766
12	$7,774,386	-$2,836,853 -$465,686	$4,471,847
13	$8,163,060	-$2,980,663 -$488,967	$4,693,430
14	$8,571,364	-$3,131,735 -$513,425	$4,926,204
15	$8,999,902	-$3,290,294 -$539,094	$5,170,514
16	$9,449,882	-$3,456,787 -$566,048	$5,427,047
17	$9,922,210	-$3,631,548 -$594,340	$5,696,322
18	$10,418,396	-$3,815,137 -$624,062	$5,979,197
19	$10,939,346	-$4,007,888 -$655,267	$6,276,191
20	$11,486,268	-$4,210,250 -$688,027	$6,587,991
21	$12,060,672	-$4,422,779 -$722,434	$6,915,459
22	$12,663,766	-$4,645,924 -$758,560	$7,259,282
23	$13,296,758	-$4,880,131 -$796,476	$7,620,151
24	$13,961,762	-$5,126,182 -$836,310	$7,999,270
25	$14,659,684	-$5,384,413 -$878,115	$8,397,156
26	$15,392,940	-$5,655,718 -$922,037	$8,815,185
27	$16,162,436	-$5,940,432 -$968,130	$9,253,874
28	$16,970,588	-$6,239,448 -$1,016,538	$9,714,602
29	$17,819,208	-$6,553,437 -$1,067,371	$10,198,400
30	$18,710,108	-$6,883,070 -$1,120,735	$10,706,303