Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 Jul 7, 2025

Draw Date Jackpot Cash Option
Mon Jul 7, 2025$203,000,000$92,500,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$92,500,000
Federal Tax(24%)$22,200,000
Additional Federal Tax$11,985,330
State Tax(5.99%)$5,540,750
Net Lumpsum Payment$52,773,920

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $3,055,353 -$1,090,811
-$183,016
$1,781,526
2 $3,208,212 -$1,147,369
-$192,172
$1,868,671
3 $3,368,582 -$1,206,706
-$201,778
$1,960,098
4 $3,537,072 -$1,269,047
-$211,871
$2,056,154
5 $3,713,885 -$1,334,468
-$222,462
$2,156,955
6 $3,899,630 -$1,403,193
-$233,588
$2,262,849
7 $4,094,510 -$1,475,299
-$245,261
$2,373,950
8 $4,299,337 -$1,551,085
-$257,530
$2,490,722
9 $4,514,314 -$1,630,627
-$270,407
$2,613,280
10 $4,740,050 -$1,714,149
-$283,929
$2,741,972
11 $4,976,951 -$1,801,802
-$298,119
$2,877,030
12 $5,225,829 -$1,893,887
-$313,027
$3,018,915
13 $5,487,090 -$1,990,554
-$328,677
$3,167,859
14 $5,761,546 -$2,092,102
-$345,117
$3,324,327
15 $6,049,603 -$2,198,683
-$362,371
$3,488,549
16 $6,352,073 -$2,310,597
-$380,489
$3,660,987
17 $6,669,565 -$2,428,069
-$399,507
$3,841,989
18 $7,003,094 -$2,551,475
-$419,485
$4,032,134
19 $7,353,269 -$2,681,040
-$440,461
$4,231,768
20 $7,720,902 -$2,817,064
-$462,482
$4,441,356
21 $8,107,008 -$2,959,923
-$485,610
$4,661,475
22 $8,512,399 -$3,109,918
-$509,893
$4,892,588
23 $8,937,887 -$3,267,349
-$535,379
$5,135,159
24 $9,384,893 -$3,432,741
-$562,155
$5,389,997
25 $9,854,026 -$3,606,320
-$590,256
$5,657,450
26 $10,346,910 -$3,788,687
-$619,780
$5,938,443
27 $10,864,154 -$3,980,067
-$650,763
$6,233,324
28 $11,407,382 -$4,181,062
-$683,302
$6,543,018
29 $11,977,812 -$4,392,121
-$717,471
$6,868,220
30 $12,576,662 -$4,613,695
-$753,342
$7,209,625
Cash Option: $92.5 Million
Next Draw: Mon Jul 7
Powerball
Sat Jul 5, 2025
012834505808

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