Rhode Island Lottery

RILottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 1, 2025 is estimated to be $1.10 Billion, with a cash option of 498.4 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 Sep 1, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 1, 2025	$1,100,000,000	$498,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$498,400,000
Federal Tax(24%)	$119,616,000
Additional Federal Tax	$64,752,330
State Tax(5.99%)	$29,854,160
Net Lumpsum Payment	$284,177,510

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$16,556,100	-$6,086,087 -$991,710	$9,478,303
2	$17,384,400	-$6,392,558 -$1,041,326	$9,950,516
3	$18,253,400	-$6,714,088 -$1,093,379	$10,445,933
4	$19,166,400	-$7,051,898 -$1,148,067	$10,966,435
5	$20,124,500	-$7,406,395 -$1,205,458	$11,512,647
6	$21,131,000	-$7,778,800 -$1,265,747	$12,086,453
7	$22,187,000	-$8,169,520 -$1,329,001	$12,688,479
8	$23,296,900	-$8,580,183 -$1,395,484	$13,321,233
9	$24,461,800	-$9,011,196 -$1,465,262	$13,985,342
10	$25,685,000	-$9,463,780 -$1,538,532	$14,682,688
11	$26,968,700	-$9,938,749 -$1,615,425	$15,414,526
12	$28,317,300	-$10,437,731 -$1,696,206	$16,183,363
13	$29,733,000	-$10,961,540 -$1,781,007	$16,990,453
14	$31,220,200	-$11,511,804 -$1,870,090	$17,838,306
15	$32,781,100	-$12,089,337 -$1,963,588	$18,728,175
16	$34,420,100	-$12,695,767 -$2,061,764	$19,662,569
17	$36,140,500	-$13,332,315 -$2,164,816	$20,643,369
18	$37,947,800	-$14,001,016 -$2,273,073	$21,673,711
19	$39,845,300	-$14,703,091 -$2,386,733	$22,755,476
20	$41,837,400	-$15,440,168 -$2,506,060	$23,891,172
21	$43,929,600	-$16,214,282 -$2,631,383	$25,083,935
22	$46,126,300	-$17,027,061 -$2,762,965	$26,336,274
23	$48,431,900	-$17,880,133 -$2,901,071	$27,650,696
24	$50,854,100	-$18,776,347 -$3,046,161	$29,031,592
25	$53,396,200	-$19,716,924 -$3,198,432	$30,480,844
26	$56,067,000	-$20,705,120 -$3,358,413	$32,003,467
27	$58,869,800	-$21,742,156 -$3,526,301	$33,601,343
28	$61,813,400	-$22,831,288 -$3,702,623	$35,279,489
29	$64,904,400	-$23,974,958 -$3,887,774	$37,041,668
30	$68,149,400	-$25,175,608 -$4,082,149	$38,891,643