Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Nov 4, 2026 is estimated to be $835 Million, with a cash option of 357.9 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 Wed Nov 4, 2026

Draw Date	Jackpot	Cash Option
Wed Nov 4, 2026	$835,000,000	$357,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$357,900,000
Federal Tax(24%)	$85,896,000
Additional Federal Tax	$46,487,330
State Tax(5.99%)	$21,438,210
Net Lumpsum Payment	$204,078,460

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,567,585	-$4,610,337 -$752,798	$7,204,450
2	$13,196,340	-$4,842,976 -$790,461	$7,562,903
3	$13,855,990	-$5,087,047 -$829,974	$7,938,969
4	$14,549,040	-$5,343,475 -$871,487	$8,334,078
5	$15,276,325	-$5,612,571 -$915,052	$8,748,702
6	$16,040,350	-$5,895,260 -$960,817	$9,184,273
7	$16,841,950	-$6,191,852 -$1,008,833	$9,641,265
8	$17,684,465	-$6,503,582 -$1,059,299	$10,121,584
9	$18,568,730	-$6,830,760 -$1,112,267	$10,625,703
10	$19,497,250	-$7,174,313 -$1,167,885	$11,155,052
11	$20,471,695	-$7,534,858 -$1,226,255	$11,710,582
12	$21,495,405	-$7,913,630 -$1,287,575	$12,294,200
13	$22,570,050	-$8,311,249 -$1,351,946	$12,906,855
14	$23,698,970	-$8,728,949 -$1,419,568	$13,550,453
15	$24,883,835	-$9,167,349 -$1,490,542	$14,225,944
16	$26,127,985	-$9,627,685 -$1,565,066	$14,935,234
17	$27,433,925	-$10,110,883 -$1,643,292	$15,679,750
18	$28,805,830	-$10,618,487 -$1,725,469	$16,461,874
19	$30,246,205	-$11,151,426 -$1,811,748	$17,283,031
20	$31,758,390	-$11,710,935 -$1,902,328	$18,145,127
21	$33,346,560	-$12,298,558 -$1,997,459	$19,050,543
22	$35,014,055	-$12,915,531 -$2,097,342	$20,001,182
23	$36,764,215	-$13,563,090 -$2,202,176	$20,998,949
24	$38,602,885	-$14,243,398 -$2,312,313	$22,047,174
25	$40,532,570	-$14,957,381 -$2,427,901	$23,147,288
26	$42,559,950	-$15,707,512 -$2,549,341	$24,303,097
27	$44,687,530	-$16,494,716 -$2,676,783	$25,516,031
28	$46,921,990	-$17,321,467 -$2,810,627	$26,789,896
29	$49,268,340	-$18,189,616 -$2,951,174	$28,127,550
30	$51,731,590	-$19,101,019 -$3,098,722	$29,531,849