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