Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri May 30, 2025 is estimated to be $189 Million, with a cash option of 82.7 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 May 30, 2025

Draw Date	Jackpot	Cash Option
Fri May 30, 2025	$189,000,000	$82,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,700,000
Federal Tax(24%)	$19,848,000
Additional Federal Tax	$10,711,330
State Tax(5.99%)	$4,953,730
Net Lumpsum Payment	$47,186,940

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,844,639	-$1,012,847 -$170,394	$1,661,398
2	$2,986,956	-$1,065,504 -$178,919	$1,742,533
3	$3,136,266	-$1,120,749 -$187,862	$1,827,655
4	$3,293,136	-$1,178,791 -$197,259	$1,917,086
5	$3,457,755	-$1,239,700 -$207,120	$2,010,935
6	$3,630,690	-$1,303,686 -$217,478	$2,109,526
7	$3,812,130	-$1,370,818 -$228,347	$2,212,965
8	$4,002,831	-$1,441,378 -$239,770	$2,321,683
9	$4,202,982	-$1,515,434 -$251,759	$2,435,789
10	$4,413,150	-$1,593,196 -$264,348	$2,555,606
11	$4,633,713	-$1,674,804 -$277,559	$2,681,350
12	$4,865,427	-$1,760,538 -$291,439	$2,813,450
13	$5,108,670	-$1,850,538 -$306,009	$2,952,123
14	$5,364,198	-$1,945,084 -$321,315	$3,097,799
15	$5,632,389	-$2,044,314 -$337,380	$3,250,695
16	$5,913,999	-$2,148,510 -$354,249	$3,411,240
17	$6,209,595	-$2,257,881 -$371,955	$3,579,759
18	$6,520,122	-$2,372,776 -$390,555	$3,756,791
19	$6,846,147	-$2,493,405 -$410,084	$3,942,658
20	$7,188,426	-$2,620,048 -$430,587	$4,137,791
21	$7,547,904	-$2,753,055 -$452,119	$4,342,730
22	$7,925,337	-$2,892,705 -$474,728	$4,557,904
23	$8,321,481	-$3,039,278 -$498,457	$4,783,746
24	$8,737,659	-$3,193,264 -$523,386	$5,021,009
25	$9,174,438	-$3,354,872 -$549,549	$5,270,017
26	$9,633,330	-$3,524,662 -$577,036	$5,531,632
27	$10,114,902	-$3,702,844 -$605,883	$5,806,175
28	$10,620,666	-$3,889,977 -$636,178	$6,094,511
29	$11,151,756	-$4,086,480 -$667,990	$6,397,286
30	$11,709,306	-$4,292,774 -$701,387	$6,715,145