Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 8, 2025 is estimated to be $223 Million, with a cash option of 104.4 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 Oct 8, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 8, 2025	$223,000,000	$104,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$104,400,000
Federal Tax(24%)	$25,056,000
Additional Federal Tax	$13,532,330
State Tax(5.99%)	$6,253,560
Net Lumpsum Payment	$59,558,110

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,356,373	-$1,202,188 -$201,047	$1,953,138
2	$3,524,292	-$1,264,318 -$211,105	$2,048,869
3	$3,700,462	-$1,329,501 -$221,658	$2,149,303
4	$3,885,552	-$1,397,985 -$232,745	$2,254,822
5	$4,079,785	-$1,469,851 -$244,379	$2,365,555
6	$4,283,830	-$1,545,347 -$256,601	$2,481,882
7	$4,497,910	-$1,624,557 -$269,425	$2,603,928
8	$4,722,917	-$1,707,810 -$282,903	$2,732,204
9	$4,959,074	-$1,795,188 -$297,049	$2,866,837
10	$5,207,050	-$1,886,939 -$311,902	$3,008,209
11	$5,467,291	-$1,983,228 -$327,491	$3,156,572
12	$5,740,689	-$2,084,385 -$343,867	$3,312,437
13	$6,027,690	-$2,190,576 -$361,059	$3,476,055
14	$6,329,186	-$2,302,129 -$379,118	$3,647,939
15	$6,645,623	-$2,419,211 -$398,073	$3,828,339
16	$6,977,893	-$2,542,151 -$417,976	$4,017,766
17	$7,326,665	-$2,671,196 -$438,867	$4,216,602
18	$7,693,054	-$2,806,760 -$460,814	$4,425,480
19	$8,077,729	-$2,949,090 -$483,856	$4,644,783
20	$8,481,582	-$3,098,516 -$508,047	$4,875,019
21	$8,905,728	-$3,255,450 -$533,453	$5,116,825
22	$9,351,059	-$3,420,222 -$560,128	$5,370,709
23	$9,818,467	-$3,593,163 -$588,126	$5,637,178
24	$10,309,513	-$3,774,850 -$617,540	$5,917,123
25	$10,824,866	-$3,965,531 -$648,409	$6,210,926
26	$11,366,310	-$4,165,865 -$680,842	$6,519,603
27	$11,934,514	-$4,376,101 -$714,877	$6,843,536
28	$12,531,262	-$4,596,897 -$750,623	$7,183,742
29	$13,157,892	-$4,828,750 -$788,158	$7,540,984
30	$13,815,742	-$5,072,155 -$827,563	$7,916,024