Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 Million. If you win the Powerball 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 Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Rhode Island Powerball Jackpot/Cash Option for Sat Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(5.99%)	$1,767,050
Net Lumpsum Payment	$16,857,620

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$57,700	$588,826
2	$1,011,456	-$334,569 -$60,586	$616,301
3	$1,062,016	-$353,276 -$63,615	$645,125
4	$1,115,136	-$372,931 -$66,797	$675,408
5	$1,170,880	-$393,556 -$70,136	$707,188
6	$1,229,440	-$415,223 -$73,643	$740,574
7	$1,290,880	-$437,956 -$77,324	$775,600
8	$1,355,456	-$461,849 -$81,192	$812,415
9	$1,423,232	-$486,926 -$85,252	$851,054
10	$1,494,400	-$513,258 -$89,515	$891,627
11	$1,569,088	-$540,893 -$93,988	$934,207
12	$1,647,552	-$569,925 -$98,688	$978,939
13	$1,729,920	-$600,401 -$103,622	$1,025,897
14	$1,816,448	-$632,416 -$108,805	$1,075,227
15	$1,907,264	-$666,018 -$114,245	$1,127,001
16	$2,002,624	-$701,301 -$119,957	$1,181,366
17	$2,102,720	-$738,337 -$125,953	$1,238,430
18	$2,207,872	-$777,243 -$132,252	$1,298,377
19	$2,318,272	-$818,091 -$138,864	$1,361,317
20	$2,434,176	-$860,976 -$145,807	$1,427,393
21	$2,555,904	-$906,015 -$153,099	$1,496,790
22	$2,683,712	-$953,304 -$160,754	$1,569,654
23	$2,817,856	-$1,002,937 -$168,790	$1,646,129
24	$2,958,784	-$1,055,080 -$177,231	$1,726,473
25	$3,106,688	-$1,109,805 -$186,091	$1,810,792
26	$3,262,080	-$1,167,300 -$195,399	$1,899,381
27	$3,425,152	-$1,227,637 -$205,167	$1,992,348
28	$3,596,416	-$1,291,004 -$215,425	$2,089,987
29	$3,776,256	-$1,357,545 -$226,198	$2,192,513
30	$3,965,056	-$1,427,401 -$237,507	$2,300,148