Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 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 Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(5.99%)	$4,324,780
Net Lumpsum Payment	$41,200,890

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$138,839	$1,361,079
2	$2,433,816	-$860,842 -$145,786	$1,427,188
3	$2,555,476	-$905,857 -$153,073	$1,496,546
4	$2,683,296	-$953,150 -$160,729	$1,569,417
5	$2,817,430	-$1,002,779 -$168,764	$1,645,887
6	$2,958,340	-$1,054,916 -$177,205	$1,726,219
7	$3,106,180	-$1,109,617 -$186,060	$1,810,503
8	$3,261,566	-$1,167,110 -$195,368	$1,899,088
9	$3,424,652	-$1,227,452 -$205,137	$1,992,063
10	$3,595,900	-$1,290,813 -$215,394	$2,089,693
11	$3,775,618	-$1,357,309 -$226,160	$2,192,149
12	$3,964,422	-$1,427,167 -$237,469	$2,299,786
13	$4,162,620	-$1,500,500 -$249,341	$2,412,779
14	$4,370,828	-$1,577,537 -$261,813	$2,531,478
15	$4,589,354	-$1,658,391 -$274,902	$2,656,061
16	$4,818,814	-$1,743,292 -$288,647	$2,786,875
17	$5,059,670	-$1,832,408 -$303,074	$2,924,188
18	$5,312,692	-$1,926,026 -$318,230	$3,068,436
19	$5,578,342	-$2,024,317 -$334,143	$3,219,882
20	$5,857,236	-$2,127,508 -$350,848	$3,378,880
21	$6,150,144	-$2,235,884 -$368,394	$3,545,866
22	$6,457,682	-$2,349,673 -$386,815	$3,721,194
23	$6,780,466	-$2,469,103 -$406,150	$3,905,213
24	$7,119,574	-$2,594,573 -$426,462	$4,098,539
25	$7,475,468	-$2,726,254 -$447,781	$4,301,433
26	$7,849,380	-$2,864,601 -$470,178	$4,514,601
27	$8,241,772	-$3,009,786 -$493,682	$4,738,304
28	$8,653,876	-$3,162,265 -$518,367	$4,973,244
29	$9,086,616	-$3,322,378 -$544,288	$5,219,950
30	$9,540,916	-$3,490,469 -$571,501	$5,478,946