Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 5, 2025 is estimated to be $190 Million, with a cash option of 87 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 5, 2025

Draw Date	Jackpot	Cash Option
Sat Jul 5, 2025	$190,000,000	$87,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$87,000,000
Federal Tax(24%)	$20,880,000
Additional Federal Tax	$11,270,330
State Tax(5.99%)	$5,211,300
Net Lumpsum Payment	$49,638,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,859,690	-$1,018,416 -$171,295	$1,669,979
2	$3,002,760	-$1,071,352 -$179,865	$1,751,543
3	$3,152,860	-$1,126,889 -$188,856	$1,837,115
4	$3,310,560	-$1,185,238 -$198,303	$1,927,019
5	$3,476,050	-$1,246,469 -$208,215	$2,021,366
6	$3,649,900	-$1,310,793 -$218,629	$2,120,478
7	$3,832,300	-$1,378,281 -$229,555	$2,224,464
8	$4,024,010	-$1,449,214 -$241,038	$2,333,758
9	$4,225,220	-$1,523,662 -$253,091	$2,448,467
10	$4,436,500	-$1,601,835 -$265,746	$2,568,919
11	$4,658,230	-$1,683,875 -$279,028	$2,695,327
12	$4,891,170	-$1,770,063 -$292,981	$2,828,126
13	$5,135,700	-$1,860,539 -$307,628	$2,967,533
14	$5,392,580	-$1,955,585 -$323,016	$3,113,979
15	$5,662,190	-$2,055,341 -$339,165	$3,267,684
16	$5,945,290	-$2,160,088 -$356,123	$3,429,079
17	$6,242,450	-$2,270,037 -$373,923	$3,598,490
18	$6,554,620	-$2,385,540 -$392,622	$3,776,458
19	$6,882,370	-$2,506,807 -$412,254	$3,963,309
20	$7,226,460	-$2,634,121 -$432,865	$4,159,474
21	$7,587,840	-$2,767,831 -$454,512	$4,365,497
22	$7,967,270	-$2,908,220 -$477,239	$4,581,811
23	$8,365,510	-$3,055,569 -$501,094	$4,808,847
24	$8,783,890	-$3,210,370 -$526,155	$5,047,365
25	$9,222,980	-$3,372,833 -$552,457	$5,297,690
26	$9,684,300	-$3,543,521 -$580,090	$5,560,689
27	$10,168,420	-$3,722,646 -$609,088	$5,836,686
28	$10,676,860	-$3,910,769 -$639,544	$6,126,547
29	$11,210,760	-$4,108,312 -$671,525	$6,430,923
30	$11,771,260	-$4,315,697 -$705,098	$6,750,465