Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(5.99%)	$5,768,370
Net Lumpsum Payment	$54,940,300

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$204,653	$1,987,460
2	$3,587,508	-$1,287,708 -$214,892	$2,084,908
3	$3,766,838	-$1,354,060 -$225,634	$2,187,144
4	$3,955,248	-$1,423,772 -$236,919	$2,294,557
5	$4,152,965	-$1,496,927 -$248,763	$2,407,275
6	$4,360,670	-$1,573,778 -$261,204	$2,525,688
7	$4,578,590	-$1,654,409 -$274,258	$2,649,923
8	$4,807,633	-$1,739,155 -$287,977	$2,780,501
9	$5,048,026	-$1,828,100 -$302,377	$2,917,549
10	$5,300,450	-$1,921,497 -$317,497	$3,061,456
11	$5,565,359	-$2,019,513 -$333,365	$3,212,481
12	$5,843,661	-$2,122,485 -$350,035	$3,371,141
13	$6,135,810	-$2,230,580 -$367,535	$3,537,695
14	$6,442,714	-$2,344,135 -$385,919	$3,712,660
15	$6,764,827	-$2,463,316 -$405,213	$3,896,298
16	$7,103,057	-$2,588,461 -$425,473	$4,089,123
17	$7,458,085	-$2,719,822 -$446,739	$4,291,524
18	$7,831,046	-$2,857,817 -$469,080	$4,504,149
19	$8,222,621	-$3,002,700 -$492,535	$4,727,386
20	$8,633,718	-$3,154,806 -$517,160	$4,961,752
21	$9,065,472	-$3,314,555 -$543,022	$5,207,895
22	$9,518,791	-$3,482,283 -$570,176	$5,466,332
23	$9,994,583	-$3,658,326 -$598,676	$5,737,581
24	$10,494,437	-$3,843,272 -$628,617	$6,022,548
25	$11,019,034	-$4,037,373 -$660,040	$6,321,621
26	$11,570,190	-$4,241,301 -$693,054	$6,635,835
27	$12,148,586	-$4,455,307 -$727,700	$6,965,579
28	$12,756,038	-$4,680,064 -$764,087	$7,311,887
29	$13,393,908	-$4,916,076 -$802,295	$7,675,537
30	$14,063,558	-$5,163,847 -$842,407	$8,057,304