Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Dec 16, 2025 is estimated to be $80 Million, with a cash option of 36.2 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 Dec 16, 2025

Draw Date	Jackpot	Cash Option
Tue Dec 16, 2025	$80,000,000	$36,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$36,200,000
Federal Tax(24%)	$8,688,000
Additional Federal Tax	$4,666,330
State Tax(5.99%)	$2,168,380
Net Lumpsum Payment	$20,677,290

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,204,080	-$405,840 -$72,124	$726,116
2	$1,264,320	-$428,129 -$75,733	$760,458
3	$1,327,520	-$451,513 -$79,518	$796,489
4	$1,393,920	-$476,081 -$83,496	$834,343
5	$1,463,600	-$501,862 -$87,670	$874,068
6	$1,536,800	-$528,946 -$92,054	$915,800
7	$1,613,600	-$557,362 -$96,655	$959,583
8	$1,694,320	-$587,229 -$101,490	$1,005,601
9	$1,779,040	-$618,575 -$106,564	$1,053,901
10	$1,868,000	-$651,490 -$111,893	$1,104,617
11	$1,961,360	-$686,034 -$117,485	$1,157,841
12	$2,059,440	-$722,323 -$123,360	$1,213,757
13	$2,162,400	-$760,418 -$129,528	$1,272,454
14	$2,270,560	-$800,438 -$136,007	$1,334,115
15	$2,384,080	-$842,440 -$142,806	$1,398,834
16	$2,503,280	-$886,544 -$149,946	$1,466,790
17	$2,628,400	-$932,838 -$157,441	$1,538,121
18	$2,759,840	-$981,471 -$165,314	$1,613,055
19	$2,897,840	-$1,032,531 -$173,581	$1,691,728
20	$3,042,720	-$1,086,137 -$182,259	$1,774,324
21	$3,194,880	-$1,142,436 -$191,373	$1,861,071
22	$3,354,640	-$1,201,547 -$200,943	$1,952,150
23	$3,522,320	-$1,263,589 -$210,987	$2,047,744
24	$3,698,480	-$1,328,768 -$221,539	$2,148,173
25	$3,883,360	-$1,397,174 -$232,613	$2,253,573
26	$4,077,600	-$1,469,042 -$244,248	$2,364,310
27	$4,281,440	-$1,544,463 -$256,458	$2,480,519
28	$4,495,520	-$1,623,673 -$269,282	$2,602,565
29	$4,720,320	-$1,706,849 -$282,747	$2,730,724
30	$4,956,320	-$1,794,169 -$296,884	$2,865,267