Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(5.99%)	$11,590,650
Net Lumpsum Payment	$110,354,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$384,062	$3,694,995
2	$6,732,504	-$2,451,357 -$403,277	$3,877,870
3	$7,069,044	-$2,575,877 -$423,436	$4,069,731
4	$7,422,624	-$2,706,701 -$444,615	$4,271,308
5	$7,793,670	-$2,843,988 -$466,841	$4,482,841
6	$8,183,460	-$2,988,211 -$490,189	$4,705,060
7	$8,592,420	-$3,139,526 -$514,686	$4,938,208
8	$9,022,254	-$3,298,564 -$540,433	$5,183,257
9	$9,473,388	-$3,465,484 -$567,456	$5,440,448
10	$9,947,100	-$3,640,757 -$595,831	$5,710,512
11	$10,444,242	-$3,824,700 -$625,610	$5,993,932
12	$10,966,518	-$4,017,942 -$656,894	$6,291,682
13	$11,514,780	-$4,220,799 -$689,735	$6,604,246
14	$12,090,732	-$4,433,901 -$724,235	$6,932,596
15	$12,695,226	-$4,657,564 -$760,444	$7,277,218
16	$13,329,966	-$4,892,418 -$798,465	$7,639,083
17	$13,996,230	-$5,138,935 -$838,374	$8,018,921
18	$14,696,148	-$5,397,905 -$880,299	$8,417,944
19	$15,430,998	-$5,669,800 -$924,317	$8,836,881
20	$16,202,484	-$5,955,249 -$970,529	$9,276,706
21	$17,012,736	-$6,255,043 -$1,019,063	$9,738,630
22	$17,863,458	-$6,569,810 -$1,070,021	$10,223,627
23	$18,756,354	-$6,900,181 -$1,123,506	$10,732,667
24	$19,694,406	-$7,247,261 -$1,179,695	$11,267,450
25	$20,678,892	-$7,611,520 -$1,238,666	$11,828,706
26	$21,713,220	-$7,994,222 -$1,300,622	$12,418,376
27	$22,798,668	-$8,395,838 -$1,365,640	$13,037,190
28	$23,938,644	-$8,817,629 -$1,433,925	$13,687,090
29	$25,135,704	-$9,260,541 -$1,505,629	$14,369,534
30	$26,392,404	-$9,725,520 -$1,580,905	$15,085,979