Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(5.99%)	$4,618,290
Net Lumpsum Payment	$43,994,380

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$151,461	$1,481,206
2	$2,655,072	-$942,707 -$159,039	$1,553,326
3	$2,787,792	-$991,813 -$166,989	$1,628,990
4	$2,927,232	-$1,043,406 -$175,341	$1,708,485
5	$3,073,560	-$1,097,548 -$184,106	$1,791,906
6	$3,227,280	-$1,154,424 -$193,314	$1,879,542
7	$3,388,560	-$1,214,098 -$202,975	$1,971,487
8	$3,558,072	-$1,276,817 -$213,129	$2,068,126
9	$3,735,984	-$1,342,644 -$223,785	$2,169,555
10	$3,922,800	-$1,411,766 -$234,976	$2,276,058
11	$4,118,856	-$1,484,307 -$246,719	$2,387,830
12	$4,324,824	-$1,560,515 -$259,057	$2,505,252
13	$4,541,040	-$1,640,515 -$272,008	$2,628,517
14	$4,768,176	-$1,724,556 -$285,614	$2,758,006
15	$5,006,568	-$1,812,761 -$299,893	$2,893,914
16	$5,256,888	-$1,905,379 -$314,888	$3,036,621
17	$5,519,640	-$2,002,597 -$330,626	$3,186,417
18	$5,795,664	-$2,104,726 -$347,160	$3,343,778
19	$6,085,464	-$2,211,952 -$364,519	$3,508,993
20	$6,389,712	-$2,324,524 -$382,744	$3,682,444
21	$6,709,248	-$2,442,752 -$401,884	$3,864,612
22	$7,044,744	-$2,566,886 -$421,980	$4,055,878
23	$7,396,872	-$2,697,173 -$443,073	$4,256,626
24	$7,766,808	-$2,834,049 -$465,232	$4,467,527
25	$8,155,056	-$2,977,701 -$488,488	$4,688,867
26	$8,562,960	-$3,128,626 -$512,921	$4,921,413
27	$8,991,024	-$3,287,009 -$538,562	$5,165,453
28	$9,440,592	-$3,453,349 -$565,491	$5,421,752
29	$9,912,672	-$3,628,019 -$593,769	$5,690,884
30	$10,408,272	-$3,811,391 -$623,455	$5,973,426