The jackpot for the Powerball draw on Wed Dec 31, 2025, is projected to be $45 Million, with an option for a cash payout of $20.7 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Rhode Island residents, the state will deduct 5.99% from your lottery earnings.
| Rhode Island Powerball Jackpot/Cash Option for Wed Dec 31, 2025 |
|---|
| Draw Date | Wed Dec 31, 2025 | | Projected Jackpot | $45,000,000 | | Cash Value | $20,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,700,000 | | Federal Tax(24%) | $4,968,000 | | Additional Federal Tax | $2,651,330 | | State Tax(5.99%) | $1,239,930 | | Net Lumpsum Payment | $11,840,740 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$40,570 |
$425,795 |
| 2 |
$711,180 |
$223,467
$42,600 |
$445,113 |
| 3 |
$746,730 |
$236,620
$44,729 |
$465,381 |
| 4 |
$784,080 |
$250,440
$46,966 |
$486,674 |
| 5 |
$823,275 |
$264,942
$49,314 |
$509,019 |
| 6 |
$864,450 |
$280,177
$51,781 |
$532,492 |
| 7 |
$907,650 |
$296,161
$54,368 |
$557,121 |
| 8 |
$953,055 |
$312,961
$57,088 |
$583,006 |
| 9 |
$1,000,710 |
$330,593
$59,943 |
$610,174 |
| 10 |
$1,050,750 |
$349,108
$62,940 |
$638,702 |
| 11 |
$1,103,265 |
$368,538
$66,086 |
$668,641 |
| 12 |
$1,158,435 |
$388,951
$69,390 |
$700,094 |
| 13 |
$1,216,350 |
$410,380
$72,859 |
$733,111 |
| 14 |
$1,277,190 |
$432,891
$76,504 |
$767,795 |
| 15 |
$1,341,045 |
$456,517
$80,329 |
$804,199 |
| 16 |
$1,408,095 |
$481,326
$84,345 |
$842,424 |
| 17 |
$1,478,475 |
$507,366
$88,561 |
$882,548 |
| 18 |
$1,552,410 |
$534,722
$92,989 |
$924,699 |
| 19 |
$1,630,035 |
$563,443
$97,639 |
$968,953 |
| 20 |
$1,711,530 |
$593,596
$102,521 |
$1,015,413 |
| 21 |
$1,797,120 |
$625,265
$107,647 |
$1,064,208 |
| 22 |
$1,886,985 |
$658,515
$113,030 |
$1,115,440 |
| 23 |
$1,981,305 |
$693,413
$118,680 |
$1,169,212 |
| 24 |
$2,080,395 |
$730,077
$124,616 |
$1,225,702 |
| 25 |
$2,184,390 |
$768,555
$130,845 |
$1,284,990 |
| 26 |
$2,293,650 |
$808,981
$137,390 |
$1,347,279 |
| 27 |
$2,408,310 |
$851,405
$144,258 |
$1,412,647 |
| 28 |
$2,528,730 |
$895,960
$151,471 |
$1,481,299 |
| 29 |
$2,655,180 |
$942,747
$159,045 |
$1,553,388 |
| 30 |
$2,787,930 |
$991,864
$166,997 |
$1,629,069 |
|
|
