Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(5.99%)	$8,362,040
Net Lumpsum Payment	$79,625,630

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$311,036	$2,999,968
2	$5,452,380	-$1,977,711 -$326,598	$3,148,071
3	$5,724,930	-$2,078,554 -$342,923	$3,303,453
4	$6,011,280	-$2,184,504 -$360,076	$3,466,700
5	$6,311,775	-$2,295,687 -$378,075	$3,638,013
6	$6,627,450	-$2,412,487 -$396,984	$3,817,979
7	$6,958,650	-$2,535,031 -$416,823	$4,006,796
8	$7,306,755	-$2,663,830 -$437,675	$4,205,250
9	$7,672,110	-$2,799,011 -$459,559	$4,413,540
10	$8,055,750	-$2,940,958 -$482,539	$4,632,253
11	$8,458,365	-$3,089,925 -$506,656	$4,861,784
12	$8,881,335	-$3,246,424 -$531,992	$5,102,919
13	$9,325,350	-$3,410,710 -$558,588	$5,356,052
14	$9,791,790	-$3,583,293 -$586,528	$5,621,969
15	$10,281,345	-$3,764,428 -$615,853	$5,901,064
16	$10,795,395	-$3,954,627 -$646,644	$6,194,124
17	$11,334,975	-$4,154,271 -$678,965	$6,501,739
18	$11,901,810	-$4,364,000 -$712,918	$6,824,892
19	$12,496,935	-$4,584,196 -$748,566	$7,164,173
20	$13,121,730	-$4,815,370 -$785,992	$7,520,368
21	$13,777,920	-$5,058,161 -$825,297	$7,894,462
22	$14,466,885	-$5,313,078 -$866,566	$8,287,241
23	$15,190,005	-$5,580,632 -$909,881	$8,699,492
24	$15,949,695	-$5,861,718 -$955,387	$9,132,590
25	$16,746,990	-$6,156,717 -$1,003,145	$9,587,128
26	$17,584,650	-$6,466,651 -$1,053,321	$10,064,678
27	$18,463,710	-$6,791,903 -$1,105,976	$10,565,831
28	$19,386,930	-$7,133,494 -$1,161,277	$11,092,159
29	$20,356,380	-$7,492,191 -$1,219,347	$11,644,842
30	$21,374,130	-$7,868,758 -$1,280,310	$12,225,062