Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 14, 2026 is estimated to be $251 Million, with a cash option of 106.6 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 Mon Sep 14, 2026

Draw Date	Jackpot	Cash Option
Mon Sep 14, 2026	$251,000,000	$106,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$106,600,000
Federal Tax(24%)	$25,584,000
Additional Federal Tax	$13,818,330
State Tax(5.99%)	$6,385,340
Net Lumpsum Payment	$60,812,330

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,777,801	-$1,358,117 -$226,290	$2,193,394
2	$3,966,804	-$1,428,048 -$237,612	$2,301,144
3	$4,165,094	-$1,501,415 -$249,489	$2,414,190
4	$4,373,424	-$1,578,497 -$261,968	$2,532,959
5	$4,592,045	-$1,659,387 -$275,063	$2,657,595
6	$4,821,710	-$1,744,363 -$288,820	$2,788,527
7	$5,062,670	-$1,833,518 -$303,254	$2,925,898
8	$5,315,929	-$1,927,224 -$318,424	$3,070,281
9	$5,581,738	-$2,025,573 -$334,346	$3,221,819
10	$5,860,850	-$2,128,845 -$351,065	$3,380,940
11	$6,153,767	-$2,237,224 -$368,611	$3,547,932
12	$6,461,493	-$2,351,083 -$387,043	$3,723,367
13	$6,784,530	-$2,470,606 -$406,393	$3,907,531
14	$7,123,882	-$2,596,167 -$426,721	$4,100,994
15	$7,480,051	-$2,727,949 -$448,055	$4,304,047
16	$7,854,041	-$2,866,326 -$470,457	$4,517,258
17	$8,246,605	-$3,011,574 -$493,972	$4,741,059
18	$8,658,998	-$3,164,160 -$518,674	$4,976,164
19	$9,091,973	-$3,324,360 -$544,609	$5,223,004
20	$9,546,534	-$3,492,548 -$571,837	$5,482,149
21	$10,023,936	-$3,669,187 -$600,434	$5,754,315
22	$10,525,183	-$3,854,648 -$630,458	$6,040,077
23	$11,051,279	-$4,049,304 -$661,972	$6,340,003
24	$11,603,981	-$4,253,803 -$695,078	$6,655,100
25	$12,184,042	-$4,468,426 -$729,824	$6,985,792
26	$12,793,470	-$4,693,914 -$766,329	$7,333,227
27	$13,433,018	-$4,930,547 -$804,638	$7,697,833
28	$14,104,694	-$5,179,067 -$844,871	$8,080,756
29	$14,810,004	-$5,440,032 -$887,119	$8,482,853
30	$15,550,454	-$5,713,998 -$931,472	$8,904,984