Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 13, 2026 is estimated to be $385 Million, with a cash option of 174.2 Million. If you win the MEGA Millions 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 MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Rhode Island MEGA Millions Jackpot/Cash Option for Fri Feb 13, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 13, 2026	$385,000,000	$174,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$174,200,000
Federal Tax(24%)	$41,808,000
Additional Federal Tax	$22,606,330
State Tax(5.99%)	$10,434,580
Net Lumpsum Payment	$99,351,090

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,794,635	-$2,104,345 -$347,099	$3,343,191
2	$6,084,540	-$2,211,610 -$364,464	$3,508,466
3	$6,388,690	-$2,324,146 -$382,683	$3,681,861
4	$6,708,240	-$2,442,379 -$401,824	$3,864,037
5	$7,043,575	-$2,566,453 -$421,910	$4,055,212
6	$7,395,850	-$2,696,795 -$443,011	$4,256,044
7	$7,765,450	-$2,833,547 -$465,150	$4,466,753
8	$8,153,915	-$2,977,279 -$488,420	$4,688,216
9	$8,561,630	-$3,128,133 -$512,842	$4,920,655
10	$8,989,750	-$3,286,538 -$538,486	$5,164,726
11	$9,439,045	-$3,452,777 -$565,399	$5,420,869
12	$9,911,055	-$3,627,421 -$593,672	$5,689,962
13	$10,406,550	-$3,810,754 -$623,352	$5,972,444
14	$10,927,070	-$4,003,346 -$654,531	$6,269,193
15	$11,473,385	-$4,205,483 -$687,256	$6,580,646
16	$12,047,035	-$4,417,733 -$721,617	$6,907,685
17	$12,649,175	-$4,640,525 -$757,686	$7,250,964
18	$13,281,730	-$4,874,570 -$795,576	$7,611,584
19	$13,945,855	-$5,120,297 -$835,357	$7,990,201
20	$14,643,090	-$5,378,274 -$877,121	$8,387,695
21	$15,375,360	-$5,649,214 -$920,984	$8,805,162
22	$16,144,205	-$5,933,686 -$967,038	$9,243,481
23	$16,951,165	-$6,232,261 -$1,015,375	$9,703,529
24	$17,798,935	-$6,545,936 -$1,066,156	$10,186,843
25	$18,688,670	-$6,875,138 -$1,119,451	$10,694,081
26	$19,623,450	-$7,221,007 -$1,175,445	$11,226,998
27	$20,604,430	-$7,583,969 -$1,234,205	$11,786,256
28	$21,634,690	-$7,965,166 -$1,295,918	$12,373,606
29	$22,716,540	-$8,365,450 -$1,360,721	$12,990,369
30	$23,852,290	-$8,785,678 -$1,428,752	$13,637,860