Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Mon Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(5.99%)	$2,378,030
Net Lumpsum Payment	$22,672,640

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$78,435	$786,180
2	$1,374,948	-$469,061 -$82,359	$823,528
3	$1,443,678	-$494,491 -$86,476	$862,711
4	$1,515,888	-$521,209 -$90,802	$903,877
5	$1,591,665	-$549,246 -$95,341	$947,078
6	$1,671,270	-$578,700 -$100,109	$992,461
7	$1,754,790	-$609,603 -$105,112	$1,040,075
8	$1,842,573	-$642,082 -$110,370	$1,090,121
9	$1,934,706	-$676,172 -$115,889	$1,142,645
10	$2,031,450	-$711,967 -$121,684	$1,197,799
11	$2,132,979	-$749,533 -$127,765	$1,255,681
12	$2,239,641	-$788,998 -$134,154	$1,316,489
13	$2,351,610	-$830,426 -$140,861	$1,380,323
14	$2,469,234	-$873,947 -$147,907	$1,447,380
15	$2,592,687	-$919,625 -$155,302	$1,517,760
16	$2,722,317	-$967,588 -$163,067	$1,591,662
17	$2,858,385	-$1,017,933 -$171,217	$1,669,235
18	$3,001,326	-$1,070,821 -$179,779	$1,750,726
19	$3,151,401	-$1,126,349 -$188,769	$1,836,283
20	$3,308,958	-$1,184,645 -$198,207	$1,926,106
21	$3,474,432	-$1,245,870 -$208,118	$2,020,444
22	$3,648,171	-$1,310,154 -$218,525	$2,119,492
23	$3,830,523	-$1,377,624 -$229,448	$2,223,451
24	$4,022,097	-$1,448,506 -$240,924	$2,332,667
25	$4,223,154	-$1,522,897 -$252,967	$2,447,290
26	$4,434,390	-$1,601,055 -$265,620	$2,567,715
27	$4,656,066	-$1,683,075 -$278,898	$2,694,093
28	$4,888,878	-$1,769,215 -$292,844	$2,826,819
29	$5,133,348	-$1,859,669 -$307,488	$2,966,191
30	$5,389,998	-$1,954,630 -$322,861	$3,112,507