Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 14, 2026 is estimated to be $146 Million, with a cash option of 66.9 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 Feb 14, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 14, 2026	$146,000,000	$66,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$66,900,000
Federal Tax(24%)	$16,056,000
Additional Federal Tax	$8,657,330
State Tax(5.99%)	$4,007,310
Net Lumpsum Payment	$38,179,360

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,197,446	-$773,385 -$131,627	$1,292,434
2	$2,307,384	-$814,062 -$138,212	$1,355,110
3	$2,422,724	-$856,738 -$145,121	$1,420,865
4	$2,543,904	-$901,575 -$152,380	$1,489,949
5	$2,671,070	-$948,626 -$159,997	$1,562,447
6	$2,804,660	-$998,055 -$167,999	$1,638,606
7	$2,944,820	-$1,049,914 -$176,395	$1,718,511
8	$3,092,134	-$1,104,420 -$185,219	$1,802,495
9	$3,246,748	-$1,161,627 -$194,480	$1,890,641
10	$3,409,100	-$1,221,697 -$204,205	$1,983,198
11	$3,579,482	-$1,284,739 -$214,411	$2,080,332
12	$3,758,478	-$1,350,967 -$225,133	$2,182,378
13	$3,946,380	-$1,420,491 -$236,388	$2,289,501
14	$4,143,772	-$1,493,526 -$248,212	$2,402,034
15	$4,350,946	-$1,570,180 -$260,622	$2,520,144
16	$4,568,486	-$1,650,670 -$273,652	$2,644,164
17	$4,796,830	-$1,735,157 -$287,330	$2,774,343
18	$5,036,708	-$1,823,912 -$301,699	$2,911,097
19	$5,288,558	-$1,917,097 -$316,785	$3,054,676
20	$5,552,964	-$2,014,927 -$332,623	$3,205,414
21	$5,830,656	-$2,117,673 -$349,256	$3,363,727
22	$6,122,218	-$2,225,551 -$366,721	$3,529,946
23	$6,428,234	-$2,338,777 -$385,051	$3,704,406
24	$6,749,726	-$2,457,729 -$404,309	$3,887,688
25	$7,087,132	-$2,582,569 -$424,519	$4,080,044
26	$7,441,620	-$2,713,730 -$445,753	$4,282,137
27	$7,813,628	-$2,851,373 -$468,036	$4,494,219
28	$8,204,324	-$2,995,930 -$491,439	$4,716,955
29	$8,614,584	-$3,147,726 -$516,014	$4,950,844
30	$9,045,284	-$3,307,085 -$541,813	$5,196,386