Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 16, 2025 is estimated to be $400 Million, with a cash option of 185.8 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 Sep 16, 2025

Draw Date	Jackpot	Cash Option
Tue Sep 16, 2025	$400,000,000	$185,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$185,800,000
Federal Tax(24%)	$44,592,000
Additional Federal Tax	$24,114,330
State Tax(5.99%)	$11,129,420
Net Lumpsum Payment	$105,964,250

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,020,400	-$2,187,878 -$360,622	$3,471,900
2	$6,321,600	-$2,299,322 -$378,664	$3,643,614
3	$6,637,600	-$2,416,242 -$397,592	$3,823,766
4	$6,969,600	-$2,539,082 -$417,479	$4,013,039
5	$7,318,000	-$2,667,990 -$438,348	$4,211,662
6	$7,684,000	-$2,803,410 -$460,272	$4,420,318
7	$8,068,000	-$2,945,490 -$483,273	$4,639,237
8	$8,471,600	-$3,094,822 -$507,449	$4,869,329
9	$8,895,200	-$3,251,554 -$532,822	$5,110,824
10	$9,340,000	-$3,416,130 -$559,466	$5,364,404
11	$9,806,800	-$3,588,846 -$587,427	$5,630,527
12	$10,297,200	-$3,770,294 -$616,802	$5,910,104
13	$10,812,000	-$3,960,770 -$647,639	$6,203,591
14	$11,352,800	-$4,160,866 -$680,033	$6,511,901
15	$11,920,400	-$4,370,878 -$714,032	$6,835,490
16	$12,516,400	-$4,591,398 -$749,732	$7,175,270
17	$13,142,000	-$4,822,870 -$787,206	$7,531,924
18	$13,799,200	-$5,066,034 -$826,572	$7,906,594
19	$14,489,200	-$5,321,334 -$867,903	$8,299,963
20	$15,213,600	-$5,589,362 -$911,295	$8,712,943
21	$15,974,400	-$5,870,858 -$956,867	$9,146,675
22	$16,773,200	-$6,166,414 -$1,004,715	$9,602,071
23	$17,611,600	-$6,476,622 -$1,054,935	$10,080,043
24	$18,492,400	-$6,802,518 -$1,107,695	$10,582,187
25	$19,416,800	-$7,144,546 -$1,163,066	$11,109,188
26	$20,388,000	-$7,503,890 -$1,221,241	$11,662,869
27	$21,407,200	-$7,880,994 -$1,282,291	$12,243,915
28	$22,477,600	-$8,277,042 -$1,346,408	$12,854,150
29	$23,601,600	-$8,692,922 -$1,413,736	$13,494,942
30	$24,781,600	-$9,129,522 -$1,484,418	$14,167,660