Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 26, 2025 is estimated to be $350 Million, with a cash option of 156.5 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 26, 2025

Draw Date Jackpot Cash Option
Sat Jul 26, 2025$350,000,000$156,500,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$156,500,000
Federal Tax(24%)$37,560,000
Additional Federal Tax$20,305,330
State Tax(5.99%)$9,374,350
Net Lumpsum Payment$89,260,320

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $5,267,850 -$1,909,435
-$315,544
$3,042,871
2 $5,531,400 -$2,006,948
-$331,331
$3,193,121
3 $5,807,900 -$2,109,253
-$347,893
$3,350,754
4 $6,098,400 -$2,216,738
-$365,294
$3,516,368
5 $6,403,250 -$2,329,533
-$383,555
$3,690,162
6 $6,723,500 -$2,448,025
-$402,738
$3,872,737
7 $7,059,500 -$2,572,345
-$422,864
$4,064,291
8 $7,412,650 -$2,703,011
-$444,018
$4,265,621
9 $7,783,300 -$2,840,151
-$466,220
$4,476,929
10 $8,172,500 -$2,984,155
-$489,533
$4,698,812
11 $8,580,950 -$3,135,282
-$513,999
$4,931,669
12 $9,010,050 -$3,294,049
-$539,702
$5,176,299
13 $9,460,500 -$3,460,715
-$566,684
$5,433,101
14 $9,933,700 -$3,635,799
-$595,029
$5,702,872
15 $10,430,350 -$3,819,560
-$624,778
$5,986,012
16 $10,951,850 -$4,012,515
-$656,016
$6,283,319
17 $11,499,250 -$4,215,053
-$688,805
$6,595,392
18 $12,074,300 -$4,427,821
-$723,251
$6,923,228
19 $12,678,050 -$4,651,209
-$759,415
$7,267,426
20 $13,311,900 -$4,885,733
-$797,383
$7,628,784
21 $13,977,600 -$5,132,042
-$837,258
$8,008,300
22 $14,676,550 -$5,390,654
-$879,125
$8,406,771
23 $15,410,150 -$5,662,086
-$923,068
$8,824,996
24 $16,180,850 -$5,947,245
-$969,233
$9,264,372
25 $16,989,700 -$6,246,519
-$1,017,683
$9,725,498
26 $17,839,500 -$6,560,945
-$1,068,586
$10,209,969
27 $18,731,300 -$6,890,911
-$1,122,005
$10,718,384
28 $19,667,900 -$7,237,453
-$1,178,107
$11,252,340
29 $20,651,400 -$7,601,348
-$1,237,019
$11,813,033
30 $21,683,900 -$7,983,373
-$1,298,866
$12,401,661
3
5
0
Cash Option: $156.5 Million
Next Draw: Sat Jul 26
Powerball
Wed Jul 23, 2025
021819253525

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