Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(5.99%)	$4,528,440
Net Lumpsum Payment	$43,139,230

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$155,067	$1,515,529
2	$2,718,288	-$966,097 -$162,825	$1,589,366
3	$2,854,168	-$1,016,373 -$170,965	$1,666,830
4	$2,996,928	-$1,069,194 -$179,516	$1,748,218
5	$3,146,740	-$1,124,624 -$188,490	$1,833,626
6	$3,304,120	-$1,182,855 -$197,917	$1,923,348
7	$3,469,240	-$1,243,949 -$207,807	$2,017,484
8	$3,642,788	-$1,308,162 -$218,203	$2,116,423
9	$3,824,936	-$1,375,557 -$229,114	$2,220,265
10	$4,016,200	-$1,446,324 -$240,570	$2,329,306
11	$4,216,924	-$1,520,592 -$252,594	$2,443,738
12	$4,427,796	-$1,598,615 -$265,225	$2,563,956
13	$4,649,160	-$1,680,520 -$278,485	$2,690,155
14	$4,881,704	-$1,766,561 -$292,414	$2,822,729
15	$5,125,772	-$1,856,866 -$307,034	$2,961,872
16	$5,382,052	-$1,951,690 -$322,385	$3,107,977
17	$5,651,060	-$2,051,223 -$338,498	$3,261,339
18	$5,933,656	-$2,155,783 -$355,426	$3,422,447
19	$6,230,356	-$2,265,562 -$373,198	$3,591,596
20	$6,541,848	-$2,380,814 -$391,857	$3,769,177
21	$6,868,992	-$2,501,857 -$411,453	$3,955,682
22	$7,212,476	-$2,628,947 -$432,027	$4,151,502
23	$7,572,988	-$2,762,336 -$453,622	$4,357,030
24	$7,951,732	-$2,902,471 -$476,309	$4,572,952
25	$8,349,224	-$3,049,543 -$500,119	$4,799,562
26	$8,766,840	-$3,204,061 -$525,134	$5,037,645
27	$9,205,096	-$3,366,216 -$551,385	$5,287,495
28	$9,665,368	-$3,536,517 -$578,956	$5,549,895
29	$10,148,688	-$3,715,345 -$607,906	$5,825,437
30	$10,656,088	-$3,903,083 -$638,300	$6,114,705