Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 10, 2025 is estimated to be $575 Million, with a cash option of 264.6 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 Oct 10, 2025

Draw Date	Jackpot	Cash Option
Fri Oct 10, 2025	$575,000,000	$264,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$264,600,000
Federal Tax(24%)	$63,504,000
Additional Federal Tax	$34,358,330
State Tax(5.99%)	$15,849,540
Net Lumpsum Payment	$150,888,130

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,654,325	-$3,162,431 -$518,394	$4,973,500
2	$9,087,300	-$3,322,631 -$544,329	$5,220,340
3	$9,541,550	-$3,490,704 -$571,539	$5,479,307
4	$10,018,800	-$3,667,286 -$600,126	$5,751,388
5	$10,519,625	-$3,852,592 -$630,126	$6,036,907
6	$11,045,750	-$4,047,258 -$661,640	$6,336,852
7	$11,597,750	-$4,251,498 -$694,705	$6,651,547
8	$12,177,925	-$4,466,163 -$729,458	$6,982,304
9	$12,786,850	-$4,691,465 -$765,932	$7,329,453
10	$13,426,250	-$4,928,043 -$804,232	$7,693,975
11	$14,097,275	-$5,176,322 -$844,427	$8,076,526
12	$14,802,225	-$5,437,154 -$886,653	$8,478,418
13	$15,542,250	-$5,710,963 -$930,981	$8,900,306
14	$16,319,650	-$5,998,601 -$977,547	$9,343,502
15	$17,135,575	-$6,300,493 -$1,026,421	$9,808,661
16	$17,992,325	-$6,617,491 -$1,077,740	$10,297,094
17	$18,891,625	-$6,950,232 -$1,131,608	$10,809,785
18	$19,836,350	-$7,299,780 -$1,188,197	$11,348,373
19	$20,828,225	-$7,666,774 -$1,247,611	$11,913,840
20	$21,869,550	-$8,052,064 -$1,309,986	$12,507,500
21	$22,963,200	-$8,456,714 -$1,375,496	$13,130,990
22	$24,111,475	-$8,881,576 -$1,444,277	$13,785,622
23	$25,316,675	-$9,327,500 -$1,516,469	$14,472,706
24	$26,582,825	-$9,795,976 -$1,592,311	$15,194,538
25	$27,911,650	-$10,287,641 -$1,671,908	$15,952,101
26	$29,307,750	-$10,804,198 -$1,755,534	$16,748,018
27	$30,772,850	-$11,346,285 -$1,843,294	$17,583,271
28	$32,311,550	-$11,915,604 -$1,935,462	$18,460,484
29	$33,927,300	-$12,513,431 -$2,032,245	$19,381,624
30	$35,623,550	-$13,141,044 -$2,133,851	$20,348,655