Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 13, 2025 is estimated to be $258 Million, with a cash option of 120.8 Million. If you win the Powerball 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 Powerball Jackpot/Cash Option for Mon Oct 13, 2025

Draw Date	Jackpot	Cash Option
Mon Oct 13, 2025	$258,000,000	$120,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$120,800,000
Federal Tax(24%)	$28,992,000
Additional Federal Tax	$15,664,330
State Tax(5.99%)	$7,235,920
Net Lumpsum Payment	$68,907,750

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,883,158	-$1,397,099 -$232,601	$2,253,458
2	$4,077,432	-$1,468,980 -$244,238	$2,364,214
3	$4,281,252	-$1,544,394 -$256,447	$2,480,411
4	$4,495,392	-$1,623,625 -$269,274	$2,602,493
5	$4,720,110	-$1,706,771 -$282,735	$2,730,604
6	$4,956,180	-$1,794,117 -$296,875	$2,865,188
7	$5,203,860	-$1,885,759 -$311,711	$3,006,390
8	$5,464,182	-$1,982,078 -$327,305	$3,154,799
9	$5,737,404	-$2,083,170 -$343,670	$3,310,564
10	$6,024,300	-$2,189,321 -$360,856	$3,474,123
11	$6,325,386	-$2,300,723 -$378,891	$3,645,772
12	$6,641,694	-$2,417,757 -$397,837	$3,826,100
13	$6,973,740	-$2,540,614 -$417,727	$4,015,399
14	$7,322,556	-$2,669,676 -$438,621	$4,214,259
15	$7,688,658	-$2,805,134 -$460,551	$4,422,973
16	$8,073,078	-$2,947,369 -$483,577	$4,642,132
17	$8,476,590	-$3,096,669 -$507,748	$4,872,173
18	$8,900,484	-$3,253,509 -$533,139	$5,113,836
19	$9,345,534	-$3,418,178 -$559,797	$5,367,559
20	$9,812,772	-$3,591,056 -$587,785	$5,633,931
21	$10,303,488	-$3,772,621 -$617,179	$5,913,688
22	$10,818,714	-$3,963,255 -$648,041	$6,207,418
23	$11,359,482	-$4,163,339 -$680,433	$6,515,710
24	$11,927,598	-$4,373,542 -$714,463	$6,839,593
25	$12,523,836	-$4,594,150 -$750,178	$7,179,508
26	$13,150,260	-$4,825,927 -$787,701	$7,536,632
27	$13,807,644	-$5,069,159 -$827,078	$7,911,407
28	$14,498,052	-$5,324,610 -$868,433	$8,305,009
29	$15,223,032	-$5,592,852 -$911,860	$8,718,320
30	$15,984,132	-$5,874,459 -$957,450	$9,152,223