Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(5.99%)	$12,638,900
Net Lumpsum Payment	$120,330,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$421,026	$4,046,798
2	$7,380,468	-$2,691,104 -$442,090	$4,247,274
3	$7,749,398	-$2,827,608 -$464,189	$4,457,601
4	$8,137,008	-$2,971,023 -$487,407	$4,678,578
5	$8,543,765	-$3,121,523 -$511,772	$4,910,470
6	$8,971,070	-$3,279,626 -$537,367	$5,154,077
7	$9,419,390	-$3,445,505 -$564,221	$5,409,664
8	$9,890,593	-$3,619,850 -$592,447	$5,678,296
9	$10,385,146	-$3,802,834 -$622,070	$5,960,242
10	$10,904,450	-$3,994,977 -$653,177	$6,256,296
11	$11,449,439	-$4,196,623 -$685,821	$6,566,995
12	$12,021,981	-$4,408,463 -$720,117	$6,893,401
13	$12,623,010	-$4,630,844 -$756,118	$7,236,048
14	$13,254,394	-$4,864,456 -$793,938	$7,596,000
15	$13,917,067	-$5,109,645 -$833,632	$7,973,790
16	$14,612,897	-$5,367,102 -$875,313	$8,370,482
17	$15,343,285	-$5,637,346 -$919,063	$8,786,876
18	$16,110,566	-$5,921,240 -$965,023	$9,224,303
19	$16,916,141	-$6,219,303 -$1,013,277	$9,683,561
20	$17,761,878	-$6,532,225 -$1,063,936	$10,165,717
21	$18,650,112	-$6,860,872 -$1,117,142	$10,672,098
22	$19,582,711	-$7,205,933 -$1,173,004	$11,203,774
23	$20,561,543	-$7,568,101 -$1,231,636	$11,761,806
24	$21,589,877	-$7,948,585 -$1,293,234	$12,348,058
25	$22,669,114	-$8,347,903 -$1,357,880	$12,963,331
26	$23,802,990	-$8,767,437 -$1,425,799	$13,609,754
27	$24,992,906	-$9,207,706 -$1,497,075	$14,288,125
28	$26,242,598	-$9,670,092 -$1,571,932	$15,000,574
29	$27,554,868	-$10,155,632 -$1,650,537	$15,748,699
30	$28,932,518	-$10,665,362 -$1,733,058	$16,534,098