Rhode Island Lottery

RILottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(5.99%)	$3,761,720
Net Lumpsum Payment	$35,841,950

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$126,218	$1,240,950
2	$2,212,560	-$778,978 -$132,532	$1,301,050
3	$2,323,160	-$819,900 -$139,157	$1,364,103
4	$2,439,360	-$862,894 -$146,118	$1,430,348
5	$2,561,300	-$908,011 -$153,422	$1,499,867
6	$2,689,400	-$955,408 -$161,095	$1,572,897
7	$2,823,800	-$1,005,136 -$169,146	$1,649,518
8	$2,965,060	-$1,057,403 -$177,607	$1,730,050
9	$3,113,320	-$1,112,259 -$186,488	$1,814,573
10	$3,269,000	-$1,169,860 -$195,813	$1,903,327
11	$3,432,380	-$1,230,311 -$205,600	$1,996,469
12	$3,604,020	-$1,293,818 -$215,881	$2,094,321
13	$3,784,200	-$1,360,484 -$226,674	$2,197,042
14	$3,973,480	-$1,430,518 -$238,011	$2,304,951
15	$4,172,140	-$1,504,022 -$249,911	$2,418,207
16	$4,380,740	-$1,581,204 -$262,406	$2,537,130
17	$4,599,700	-$1,662,219 -$275,522	$2,661,959
18	$4,829,720	-$1,747,327 -$289,300	$2,793,093
19	$5,071,220	-$1,836,682 -$303,766	$2,930,772
20	$5,324,760	-$1,930,492 -$318,953	$3,075,315
21	$5,591,040	-$2,029,015 -$334,903	$3,227,122
22	$5,870,620	-$2,132,460 -$351,650	$3,386,510
23	$6,164,060	-$2,241,033 -$369,227	$3,553,800
24	$6,472,340	-$2,355,096 -$387,693	$3,729,551
25	$6,795,880	-$2,474,806 -$407,073	$3,914,001
26	$7,135,800	-$2,600,576 -$427,434	$4,107,790
27	$7,492,520	-$2,732,563 -$448,802	$4,311,155
28	$7,867,160	-$2,871,180 -$471,243	$4,524,737
29	$8,260,560	-$3,016,738 -$494,808	$4,749,014
30	$8,673,560	-$3,169,548 -$519,546	$4,984,466