Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 9, 2026 is estimated to be $46 Million, with a cash option of 21.2 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 Mar 9, 2026

Draw Date	Jackpot	Cash Option
Mon Mar 9, 2026	$46,000,000	$21,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$21,200,000
Federal Tax(24%)	$5,088,000
Additional Federal Tax	$2,716,330
State Tax(5.99%)	$1,269,880
Net Lumpsum Payment	$12,125,790

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$692,346	-$216,498 -$41,472	$434,376
2	$726,984	-$229,314 -$43,546	$454,124
3	$763,324	-$242,760 -$45,723	$474,841
4	$801,504	-$256,887 -$48,010	$496,607
5	$841,570	-$271,711 -$50,410	$519,449
6	$883,660	-$287,285 -$52,931	$543,444
7	$927,820	-$303,624 -$55,576	$568,620
8	$974,234	-$320,797 -$58,357	$595,080
9	$1,022,948	-$338,821 -$61,275	$622,852
10	$1,074,100	-$357,747 -$64,339	$652,014
11	$1,127,782	-$377,610 -$67,554	$682,618
12	$1,184,178	-$398,476 -$70,932	$714,770
13	$1,243,380	-$420,381 -$74,478	$748,521
14	$1,305,572	-$443,392 -$78,204	$783,976
15	$1,370,846	-$467,543 -$82,114	$821,189
16	$1,439,386	-$492,903 -$86,219	$860,264
17	$1,511,330	-$519,522 -$90,529	$901,279
18	$1,586,908	-$547,486 -$95,056	$944,366
19	$1,666,258	-$576,846 -$99,809	$989,603
20	$1,749,564	-$607,669 -$104,799	$1,037,096
21	$1,837,056	-$640,041 -$110,040	$1,086,975
22	$1,928,918	-$674,030 -$115,542	$1,139,346
23	$2,025,334	-$709,704 -$121,318	$1,194,312
24	$2,126,626	-$747,182 -$127,385	$1,252,059
25	$2,232,932	-$786,515 -$133,753	$1,312,664
26	$2,344,620	-$827,840 -$140,443	$1,376,337
27	$2,461,828	-$871,207 -$147,463	$1,443,158
28	$2,584,924	-$916,752 -$154,837	$1,513,335
29	$2,714,184	-$964,578 -$162,580	$1,587,026
30	$2,849,884	-$1,014,787 -$170,708	$1,664,389