Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 19, 2025 is estimated to be $131 Million, with a cash option of 58.6 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 Apr 19, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 19, 2025	$131,000,000	$58,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$58,600,000
Federal Tax(24%)	$14,064,000
Additional Federal Tax	$7,578,330
State Tax(5.99%)	$3,510,140
Net Lumpsum Payment	$33,447,530

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,971,681	-$689,852 -$118,104	$1,163,725
2	$2,070,324	-$726,350 -$124,012	$1,219,962
3	$2,173,814	-$764,642 -$130,211	$1,278,961
4	$2,282,544	-$804,872 -$136,724	$1,340,948
5	$2,396,645	-$847,089 -$143,559	$1,405,997
6	$2,516,510	-$891,439 -$150,739	$1,474,332
7	$2,642,270	-$937,970 -$158,272	$1,546,028
8	$2,774,449	-$986,877 -$166,189	$1,621,383
9	$2,913,178	-$1,038,206 -$174,499	$1,700,473
10	$3,058,850	-$1,092,105 -$183,225	$1,783,520
11	$3,211,727	-$1,148,669 -$192,382	$1,870,676
12	$3,372,333	-$1,208,094 -$202,003	$1,962,236
13	$3,540,930	-$1,270,474 -$212,102	$2,058,354
14	$3,718,042	-$1,336,006 -$222,711	$2,159,325
15	$3,903,931	-$1,404,785 -$233,845	$2,265,301
16	$4,099,121	-$1,477,005 -$245,537	$2,376,579
17	$4,304,005	-$1,552,812 -$257,810	$2,493,383
18	$4,519,238	-$1,632,448 -$270,702	$2,616,088
19	$4,745,213	-$1,716,059 -$284,238	$2,744,916
20	$4,982,454	-$1,803,838 -$298,449	$2,880,167
21	$5,231,616	-$1,896,028 -$313,374	$3,022,214
22	$5,493,223	-$1,992,823 -$329,044	$3,171,356
23	$5,767,799	-$2,094,416 -$345,491	$3,327,892
24	$6,056,261	-$2,201,147 -$362,770	$3,492,344
25	$6,359,002	-$2,313,161 -$380,904	$3,664,937
26	$6,677,070	-$2,430,846 -$399,956	$3,846,268
27	$7,010,858	-$2,554,348 -$419,950	$4,036,560
28	$7,361,414	-$2,684,054 -$440,949	$4,236,411
29	$7,729,524	-$2,820,254 -$462,998	$4,446,272
30	$8,115,974	-$2,963,241 -$486,147	$4,666,586