Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 May 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(5.99%)	$5,450,900
Net Lumpsum Payment	$51,918,770

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$186,622	$1,815,849
2	$3,271,428	-$1,170,759 -$195,959	$1,904,710
3	$3,434,958	-$1,231,265 -$205,754	$1,997,939
4	$3,606,768	-$1,294,835 -$216,045	$2,095,888
5	$3,787,065	-$1,361,544 -$226,845	$2,198,676
6	$3,976,470	-$1,431,624 -$238,191	$2,306,655
7	$4,175,190	-$1,505,151 -$250,094	$2,419,945
8	$4,384,053	-$1,582,430 -$262,605	$2,539,018
9	$4,603,266	-$1,663,539 -$275,736	$2,663,991
10	$4,833,450	-$1,748,707 -$289,524	$2,795,219
11	$5,075,019	-$1,838,087 -$303,994	$2,932,938
12	$5,328,801	-$1,931,987 -$319,195	$3,077,619
13	$5,595,210	-$2,030,558 -$335,153	$3,229,499
14	$5,875,074	-$2,134,108 -$351,917	$3,389,049
15	$6,168,807	-$2,242,789 -$369,512	$3,556,506
16	$6,477,237	-$2,356,908 -$387,986	$3,732,343
17	$6,800,985	-$2,476,695 -$407,379	$3,916,911
18	$7,141,086	-$2,602,532 -$427,751	$4,110,803
19	$7,498,161	-$2,734,650 -$449,140	$4,314,371
20	$7,873,038	-$2,873,354 -$471,595	$4,528,089
21	$8,266,752	-$3,019,029 -$495,178	$4,752,545
22	$8,680,131	-$3,171,979 -$519,940	$4,988,212
23	$9,114,003	-$3,332,511 -$545,929	$5,235,563
24	$9,569,817	-$3,501,163 -$573,232	$5,495,422
25	$10,048,194	-$3,678,162 -$601,887	$5,768,145
26	$10,550,790	-$3,864,123 -$631,992	$6,054,675
27	$11,078,226	-$4,059,274 -$663,586	$6,355,366
28	$11,632,158	-$4,264,229 -$696,766	$6,671,163
29	$12,213,828	-$4,479,447 -$731,608	$7,002,773
30	$12,824,478	-$4,705,387 -$768,186	$7,350,905