Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(5.99%)	$9,212,620
Net Lumpsum Payment	$87,721,050

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$311,938	$3,008,549
2	$5,468,184	-$1,983,558 -$327,544	$3,157,082
3	$5,741,524	-$2,084,694 -$343,917	$3,312,913
4	$6,028,704	-$2,190,951 -$361,119	$3,476,634
5	$6,330,070	-$2,302,456 -$379,171	$3,648,443
6	$6,646,660	-$2,419,595 -$398,135	$3,828,930
7	$6,978,820	-$2,542,494 -$418,031	$4,018,295
8	$7,327,934	-$2,671,666 -$438,943	$4,217,325
9	$7,694,348	-$2,807,239 -$460,891	$4,426,218
10	$8,079,100	-$2,949,597 -$483,938	$4,645,565
11	$8,482,882	-$3,098,997 -$508,125	$4,875,760
12	$8,907,078	-$3,255,949 -$533,534	$5,117,595
13	$9,352,380	-$3,420,711 -$560,208	$5,371,461
14	$9,820,172	-$3,593,794 -$588,228	$5,638,150
15	$10,311,146	-$3,775,454 -$617,638	$5,918,054
16	$10,826,686	-$3,966,204 -$648,518	$6,211,964
17	$11,367,830	-$4,166,427 -$680,933	$6,520,470
18	$11,936,308	-$4,376,764 -$714,985	$6,844,559
19	$12,533,158	-$4,597,599 -$750,736	$7,184,823
20	$13,159,764	-$4,829,443 -$788,270	$7,542,051
21	$13,817,856	-$5,072,937 -$827,690	$7,917,229
22	$14,508,818	-$5,328,593 -$869,078	$8,311,147
23	$15,234,034	-$5,596,923 -$912,519	$8,724,592
24	$15,995,926	-$5,878,823 -$958,156	$9,158,947
25	$16,795,532	-$6,174,677 -$1,006,052	$9,614,803
26	$17,635,620	-$6,485,510 -$1,056,374	$10,093,736
27	$18,517,228	-$6,811,705 -$1,109,182	$10,596,341
28	$19,443,124	-$7,154,286 -$1,164,643	$11,124,195
29	$20,415,384	-$7,514,022 -$1,222,882	$11,678,480
30	$21,436,084	-$7,891,681 -$1,284,021	$12,260,382