Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 6, 2026 is estimated to be $505 Million, with a cash option of 213.3 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 Fri Nov 6, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 6, 2026	$505,000,000	$213,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$213,300,000
Federal Tax(24%)	$51,192,000
Additional Federal Tax	$27,689,330
State Tax(5.99%)	$12,776,670
Net Lumpsum Payment	$121,642,000

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,600,755	-$2,772,610 -$455,285	$4,372,860
2	$7,981,020	-$2,913,308 -$478,063	$4,589,649
3	$8,379,970	-$3,060,919 -$501,960	$4,817,091
4	$8,799,120	-$3,216,005 -$527,067	$5,056,048
5	$9,238,975	-$3,378,751 -$553,415	$5,306,809
6	$9,701,050	-$3,549,719 -$581,093	$5,570,238
7	$10,185,850	-$3,729,095 -$610,132	$5,846,623
8	$10,695,395	-$3,917,627 -$640,654	$6,137,114
9	$11,230,190	-$4,115,501 -$672,688	$6,442,001
10	$11,791,750	-$4,323,278 -$706,326	$6,762,146
11	$12,381,085	-$4,541,332 -$741,627	$7,098,126
12	$13,000,215	-$4,770,410 -$778,713	$7,451,092
13	$13,650,150	-$5,010,886 -$817,644	$7,821,620
14	$14,332,910	-$5,263,507 -$858,541	$8,210,862
15	$15,049,505	-$5,528,647 -$901,465	$8,619,393
16	$15,801,955	-$5,807,054 -$946,537	$9,048,364
17	$16,591,775	-$6,099,287 -$993,847	$9,498,641
18	$17,421,490	-$6,406,282 -$1,043,547	$9,971,661
19	$18,292,615	-$6,728,598 -$1,095,728	$10,468,289
20	$19,207,170	-$7,066,983 -$1,150,509	$10,989,678
21	$20,167,680	-$7,422,372 -$1,208,044	$11,537,264
22	$21,176,165	-$7,795,511 -$1,268,452	$12,112,202
23	$22,234,645	-$8,187,149 -$1,331,855	$12,715,641
24	$23,346,655	-$8,598,593 -$1,398,465	$13,349,597
25	$24,513,710	-$9,030,403 -$1,468,371	$14,014,936
26	$25,739,850	-$9,484,075 -$1,541,817	$14,713,958
27	$27,026,590	-$9,960,169 -$1,618,893	$15,447,528
28	$28,377,970	-$10,460,179 -$1,699,840	$16,217,951
29	$29,797,020	-$10,985,228 -$1,784,841	$17,026,951
30	$31,286,770	-$11,536,435 -$1,874,078	$17,876,257