Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(5.99%)	$4,905,810
Net Lumpsum Payment	$46,730,860

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$162,280	$1,584,173
2	$2,844,720	-$1,012,877 -$170,399	$1,661,444
3	$2,986,920	-$1,065,491 -$178,917	$1,742,512
4	$3,136,320	-$1,120,769 -$187,866	$1,827,685
5	$3,293,100	-$1,178,777 -$197,257	$1,917,066
6	$3,457,800	-$1,239,716 -$207,122	$2,010,962
7	$3,630,600	-$1,303,652 -$217,473	$2,109,475
8	$3,812,220	-$1,370,852 -$228,352	$2,213,016
9	$4,002,840	-$1,441,381 -$239,770	$2,321,689
10	$4,203,000	-$1,515,440 -$251,760	$2,435,800
11	$4,413,060	-$1,593,163 -$264,342	$2,555,555
12	$4,633,740	-$1,674,814 -$277,561	$2,681,365
13	$4,865,400	-$1,760,528 -$291,437	$2,813,435
14	$5,108,760	-$1,850,572 -$306,015	$2,952,173
15	$5,364,180	-$1,945,077 -$321,314	$3,097,789
16	$5,632,380	-$2,044,311 -$337,380	$3,250,689
17	$5,913,900	-$2,148,473 -$354,243	$3,411,184
18	$6,209,640	-$2,257,897 -$371,957	$3,579,786
19	$6,520,140	-$2,372,782 -$390,556	$3,756,802
20	$6,846,120	-$2,493,395 -$410,083	$3,942,642
21	$7,188,480	-$2,620,068 -$430,590	$4,137,822
22	$7,547,940	-$2,753,068 -$452,122	$4,342,750
23	$7,925,220	-$2,892,662 -$474,721	$4,557,837
24	$8,321,580	-$3,039,315 -$498,463	$4,783,802
25	$8,737,560	-$3,193,228 -$523,380	$5,020,952
26	$9,174,600	-$3,354,932 -$549,559	$5,270,109
27	$9,633,240	-$3,524,629 -$577,031	$5,531,580
28	$10,114,920	-$3,702,851 -$605,884	$5,806,185
29	$10,620,720	-$3,889,997 -$636,181	$6,094,542
30	$11,151,720	-$4,086,467 -$667,988	$6,397,265