Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 14, 2026 is estimated to be $63 Million, with a cash option of 27.1 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 Nov 14, 2026

Draw Date	Jackpot	Cash Option
Sat Nov 14, 2026	$63,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(5.99%)	$1,623,290
Net Lumpsum Payment	$15,489,380

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$948,213	-$311,169 -$56,798	$580,246
2	$995,652	-$328,722 -$59,640	$607,290
3	$1,045,422	-$347,137 -$62,621	$635,664
4	$1,097,712	-$366,484 -$65,753	$665,475
5	$1,152,585	-$386,787 -$69,040	$696,758
6	$1,210,230	-$408,115 -$72,493	$729,622
7	$1,270,710	-$430,493 -$76,116	$764,101
8	$1,334,277	-$454,013 -$79,923	$800,341
9	$1,400,994	-$478,698 -$83,920	$838,376
10	$1,471,050	-$504,619 -$88,116	$878,315
11	$1,544,571	-$531,822 -$92,520	$920,229
12	$1,621,809	-$560,400 -$97,146	$964,263
13	$1,702,890	-$590,400 -$102,003	$1,010,487
14	$1,788,066	-$621,915 -$107,105	$1,059,046
15	$1,877,463	-$654,992 -$112,460	$1,110,011
16	$1,971,333	-$689,724 -$118,083	$1,163,526
17	$2,069,865	-$726,180 -$123,985	$1,219,700
18	$2,173,374	-$764,479 -$130,185	$1,278,710
19	$2,282,049	-$804,689 -$136,695	$1,340,665
20	$2,396,142	-$846,903 -$143,529	$1,405,710
21	$2,515,968	-$891,239 -$150,706	$1,474,023
22	$2,641,779	-$937,789 -$158,243	$1,545,747
23	$2,773,827	-$986,646 -$166,152	$1,621,029
24	$2,912,553	-$1,037,975 -$174,462	$1,700,116
25	$3,058,146	-$1,091,844 -$183,183	$1,783,119
26	$3,211,110	-$1,148,441 -$192,345	$1,870,324
27	$3,371,634	-$1,207,835 -$201,961	$1,961,838
28	$3,540,222	-$1,270,213 -$212,059	$2,057,950
29	$3,717,252	-$1,335,714 -$222,663	$2,158,875
30	$3,903,102	-$1,404,478 -$233,796	$2,264,828