Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 26, 2025 is estimated to be $350 Million, with a cash option of 156.5 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 Jul 26, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 26, 2025	$350,000,000	$156,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,500,000
Federal Tax(24%)	$37,560,000
Additional Federal Tax	$20,305,330
State Tax(5.99%)	$9,374,350
Net Lumpsum Payment	$89,260,320

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,267,850	-$1,909,435 -$315,544	$3,042,871
2	$5,531,400	-$2,006,948 -$331,331	$3,193,121
3	$5,807,900	-$2,109,253 -$347,893	$3,350,754
4	$6,098,400	-$2,216,738 -$365,294	$3,516,368
5	$6,403,250	-$2,329,533 -$383,555	$3,690,162
6	$6,723,500	-$2,448,025 -$402,738	$3,872,737
7	$7,059,500	-$2,572,345 -$422,864	$4,064,291
8	$7,412,650	-$2,703,011 -$444,018	$4,265,621
9	$7,783,300	-$2,840,151 -$466,220	$4,476,929
10	$8,172,500	-$2,984,155 -$489,533	$4,698,812
11	$8,580,950	-$3,135,282 -$513,999	$4,931,669
12	$9,010,050	-$3,294,049 -$539,702	$5,176,299
13	$9,460,500	-$3,460,715 -$566,684	$5,433,101
14	$9,933,700	-$3,635,799 -$595,029	$5,702,872
15	$10,430,350	-$3,819,560 -$624,778	$5,986,012
16	$10,951,850	-$4,012,515 -$656,016	$6,283,319
17	$11,499,250	-$4,215,053 -$688,805	$6,595,392
18	$12,074,300	-$4,427,821 -$723,251	$6,923,228
19	$12,678,050	-$4,651,209 -$759,415	$7,267,426
20	$13,311,900	-$4,885,733 -$797,383	$7,628,784
21	$13,977,600	-$5,132,042 -$837,258	$8,008,300
22	$14,676,550	-$5,390,654 -$879,125	$8,406,771
23	$15,410,150	-$5,662,086 -$923,068	$8,824,996
24	$16,180,850	-$5,947,245 -$969,233	$9,264,372
25	$16,989,700	-$6,246,519 -$1,017,683	$9,725,498
26	$17,839,500	-$6,560,945 -$1,068,586	$10,209,969
27	$18,731,300	-$6,890,911 -$1,122,005	$10,718,384
28	$19,667,900	-$7,237,453 -$1,178,107	$11,252,340
29	$20,651,400	-$7,601,348 -$1,237,019	$11,813,033
30	$21,683,900	-$7,983,373 -$1,298,866	$12,401,661