Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Nov 4, 2025 is estimated to be $800 Million, with a cash option of 371.7 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 Tue Nov 4, 2025

Draw Date	Jackpot	Cash Option
Tue Nov 4, 2025	$800,000,000	$371,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$371,700,000
Federal Tax(24%)	$89,208,000
Additional Federal Tax	$48,281,330
State Tax(5.99%)	$22,264,830
Net Lumpsum Payment	$211,945,840

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,040,800	-$4,415,426 -$721,244	$6,904,130
2	$12,643,200	-$4,638,314 -$757,328	$7,247,558
3	$13,275,200	-$4,872,154 -$795,184	$7,607,862
4	$13,939,200	-$5,117,834 -$834,958	$7,986,408
5	$14,636,000	-$5,375,650 -$876,696	$8,383,654
6	$15,368,000	-$5,646,490 -$920,543	$8,800,967
7	$16,136,000	-$5,930,650 -$966,546	$9,238,804
8	$16,943,200	-$6,229,314 -$1,014,898	$9,698,988
9	$17,790,400	-$6,542,778 -$1,065,645	$10,181,977
10	$18,680,000	-$6,871,930 -$1,118,932	$10,689,138
11	$19,613,600	-$7,217,362 -$1,174,855	$11,221,383
12	$20,594,400	-$7,580,258 -$1,233,605	$11,780,537
13	$21,624,000	-$7,961,210 -$1,295,278	$12,367,512
14	$22,705,600	-$8,361,402 -$1,360,065	$12,984,133
15	$23,840,800	-$8,781,426 -$1,428,064	$13,631,310
16	$25,032,800	-$9,222,466 -$1,499,465	$14,310,869
17	$26,284,000	-$9,685,410 -$1,574,412	$15,024,178
18	$27,598,400	-$10,171,738 -$1,653,144	$15,773,518
19	$28,978,400	-$10,682,338 -$1,735,806	$16,560,256
20	$30,427,200	-$11,218,394 -$1,822,589	$17,386,217
21	$31,948,800	-$11,781,386 -$1,913,733	$18,253,681
22	$33,546,400	-$12,372,498 -$2,009,429	$19,164,473
23	$35,223,200	-$12,992,914 -$2,109,870	$20,120,416
24	$36,984,800	-$13,644,706 -$2,215,390	$21,124,704
25	$38,833,600	-$14,328,762 -$2,326,133	$22,178,705
26	$40,776,000	-$15,047,450 -$2,442,482	$23,286,068
27	$42,814,400	-$15,801,658 -$2,564,583	$24,448,159
28	$44,955,200	-$16,593,754 -$2,692,816	$25,668,630
29	$47,203,200	-$17,425,514 -$2,827,472	$26,950,214
30	$49,563,200	-$18,298,714 -$2,968,836	$28,295,650