Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 22, 2025 is estimated to be $110 Million, with a cash option of 48.4 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 Tue Jul 22, 2025

Draw Date	Jackpot	Cash Option
Tue Jul 22, 2025	$110,000,000	$48,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$48,400,000
Federal Tax(24%)	$11,616,000
Additional Federal Tax	$6,252,330
State Tax(5.99%)	$2,899,160
Net Lumpsum Payment	$27,632,510

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,655,610	-$572,906 -$99,171	$983,533
2	$1,738,440	-$603,553 -$104,133	$1,030,754
3	$1,825,340	-$635,706 -$109,338	$1,080,296
4	$1,916,640	-$669,487 -$114,807	$1,132,346
5	$2,012,450	-$704,937 -$120,546	$1,186,967
6	$2,113,100	-$742,177 -$126,575	$1,244,348
7	$2,218,700	-$781,249 -$132,900	$1,304,551
8	$2,329,690	-$822,316 -$139,548	$1,367,826
9	$2,446,180	-$865,417 -$146,526	$1,434,237
10	$2,568,500	-$910,675 -$153,853	$1,503,972
11	$2,696,870	-$958,172 -$161,543	$1,577,155
12	$2,831,730	-$1,008,070 -$169,621	$1,654,039
13	$2,973,300	-$1,060,451 -$178,101	$1,734,748
14	$3,122,020	-$1,115,478 -$187,009	$1,819,533
15	$3,278,110	-$1,173,231 -$196,359	$1,908,520
16	$3,442,010	-$1,233,874 -$206,176	$2,001,960
17	$3,614,050	-$1,297,529 -$216,482	$2,100,039
18	$3,794,780	-$1,364,399 -$227,307	$2,203,074
19	$3,984,530	-$1,434,606 -$238,673	$2,311,251
20	$4,183,740	-$1,508,314 -$250,606	$2,424,820
21	$4,392,960	-$1,585,726 -$263,138	$2,544,096
22	$4,612,630	-$1,667,003 -$276,297	$2,669,330
23	$4,843,190	-$1,752,311 -$290,107	$2,800,772
24	$5,085,410	-$1,841,932 -$304,616	$2,938,862
25	$5,339,620	-$1,935,990 -$319,843	$3,083,787
26	$5,606,700	-$2,034,809 -$335,841	$3,236,050
27	$5,886,980	-$2,138,513 -$352,630	$3,395,837
28	$6,181,340	-$2,247,426 -$370,262	$3,563,652
29	$6,490,440	-$2,361,793 -$388,777	$3,739,870
30	$6,814,940	-$2,481,858 -$408,215	$3,924,867