Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(5.99%)	$1,539,430
Net Lumpsum Payment	$14,691,240

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$51,389	$528,762
2	$900,828	-$293,637 -$53,960	$553,231
3	$945,858	-$310,298 -$56,657	$578,903
4	$993,168	-$327,803 -$59,491	$605,874
5	$1,042,815	-$346,172 -$62,465	$634,178
6	$1,094,970	-$365,469 -$65,589	$663,912
7	$1,149,690	-$385,716 -$68,866	$695,108
8	$1,207,203	-$406,995 -$72,311	$727,897
9	$1,267,566	-$429,330 -$75,927	$762,309
10	$1,330,950	-$452,782 -$79,724	$798,444
11	$1,397,469	-$477,394 -$83,708	$836,367
12	$1,467,351	-$503,250 -$87,894	$876,207
13	$1,540,710	-$530,393 -$92,289	$918,028
14	$1,617,774	-$558,907 -$96,905	$961,962
15	$1,698,657	-$588,833 -$101,750	$1,008,074
16	$1,783,587	-$620,258 -$106,837	$1,056,492
17	$1,872,735	-$653,242 -$112,177	$1,107,316
18	$1,966,386	-$687,893 -$117,787	$1,160,706
19	$2,064,711	-$724,273 -$123,676	$1,216,762
20	$2,167,938	-$762,467 -$129,859	$1,275,612
21	$2,276,352	-$802,581 -$136,353	$1,337,418
22	$2,390,181	-$844,697 -$143,172	$1,402,312
23	$2,509,653	-$888,902 -$150,328	$1,470,423
24	$2,635,167	-$935,342 -$157,847	$1,541,978
25	$2,766,894	-$984,081 -$165,737	$1,617,076
26	$2,905,290	-$1,035,288 -$174,027	$1,695,975
27	$3,050,526	-$1,089,025 -$182,727	$1,778,774
28	$3,203,058	-$1,145,462 -$191,863	$1,865,733
29	$3,363,228	-$1,204,725 -$201,457	$1,957,046
30	$3,531,378	-$1,266,940 -$211,530	$2,052,908