Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(5.99%)	$18,161,680
Net Lumpsum Payment	$172,893,990

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$589,617	$5,651,366
2	$10,335,816	-$3,784,582 -$619,115	$5,932,119
3	$10,852,476	-$3,975,747 -$650,063	$6,226,666
4	$11,395,296	-$4,176,590 -$682,578	$6,536,128
5	$11,964,930	-$4,387,354 -$716,699	$6,860,877
6	$12,563,340	-$4,608,766 -$752,544	$7,202,030
7	$13,191,180	-$4,841,067 -$790,152	$7,559,961
8	$13,851,066	-$5,085,225 -$829,679	$7,936,162
9	$14,543,652	-$5,341,482 -$871,165	$8,331,005
10	$15,270,900	-$5,610,563 -$914,727	$8,745,610
11	$16,034,118	-$5,892,954 -$960,444	$9,180,720
12	$16,835,922	-$6,189,622 -$1,008,472	$9,637,828
13	$17,677,620	-$6,501,050 -$1,058,889	$10,117,681
14	$18,561,828	-$6,828,207 -$1,111,853	$10,621,768
15	$19,489,854	-$7,171,576 -$1,167,442	$11,150,836
16	$20,464,314	-$7,532,127 -$1,225,812	$11,706,375
17	$21,487,170	-$7,910,583 -$1,287,081	$12,289,506
18	$22,561,692	-$8,308,156 -$1,351,445	$12,902,091
19	$23,689,842	-$8,725,572 -$1,419,022	$13,545,248
20	$24,874,236	-$9,163,798 -$1,489,967	$14,220,471
21	$26,118,144	-$9,624,044 -$1,564,477	$14,929,623
22	$27,424,182	-$10,107,278 -$1,642,709	$15,674,195
23	$28,794,966	-$10,614,468 -$1,724,818	$16,455,680
24	$30,235,074	-$11,147,308 -$1,811,081	$17,276,685
25	$31,746,468	-$11,706,524 -$1,901,613	$18,138,331
26	$33,334,380	-$12,294,051 -$1,996,729	$19,043,600
27	$35,000,772	-$12,910,616 -$2,096,546	$19,993,610
28	$36,750,876	-$13,558,155 -$2,201,377	$20,991,344
29	$38,588,616	-$14,238,118 -$2,311,458	$22,039,040
30	$40,517,916	-$14,951,959 -$2,427,023	$23,138,934