The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 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 Mon Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(5.99%) | $1,269,880 | | Net Lumpsum Payment | $12,125,790 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$41,472 |
$434,376 |
| 2 |
$726,984 |
$229,314
$43,546 |
$454,124 |
| 3 |
$763,324 |
$242,760
$45,723 |
$474,841 |
| 4 |
$801,504 |
$256,887
$48,010 |
$496,607 |
| 5 |
$841,570 |
$271,711
$50,410 |
$519,449 |
| 6 |
$883,660 |
$287,285
$52,931 |
$543,444 |
| 7 |
$927,820 |
$303,624
$55,576 |
$568,620 |
| 8 |
$974,234 |
$320,797
$58,357 |
$595,080 |
| 9 |
$1,022,948 |
$338,821
$61,275 |
$622,852 |
| 10 |
$1,074,100 |
$357,747
$64,339 |
$652,014 |
| 11 |
$1,127,782 |
$377,610
$67,554 |
$682,618 |
| 12 |
$1,184,178 |
$398,476
$70,932 |
$714,770 |
| 13 |
$1,243,380 |
$420,381
$74,478 |
$748,521 |
| 14 |
$1,305,572 |
$443,392
$78,204 |
$783,976 |
| 15 |
$1,370,846 |
$467,543
$82,114 |
$821,189 |
| 16 |
$1,439,386 |
$492,903
$86,219 |
$860,264 |
| 17 |
$1,511,330 |
$519,522
$90,529 |
$901,279 |
| 18 |
$1,586,908 |
$547,486
$95,056 |
$944,366 |
| 19 |
$1,666,258 |
$576,846
$99,809 |
$989,603 |
| 20 |
$1,749,564 |
$607,669
$104,799 |
$1,037,096 |
| 21 |
$1,837,056 |
$640,041
$110,040 |
$1,086,975 |
| 22 |
$1,928,918 |
$674,030
$115,542 |
$1,139,346 |
| 23 |
$2,025,334 |
$709,704
$121,318 |
$1,194,312 |
| 24 |
$2,126,626 |
$747,182
$127,385 |
$1,252,059 |
| 25 |
$2,232,932 |
$786,515
$133,753 |
$1,312,664 |
| 26 |
$2,344,620 |
$827,840
$140,443 |
$1,376,337 |
| 27 |
$2,461,828 |
$871,207
$147,463 |
$1,443,158 |
| 28 |
$2,584,924 |
$916,752
$154,837 |
$1,513,335 |
| 29 |
$2,714,184 |
$964,578
$162,580 |
$1,587,026 |
| 30 |
$2,849,884 |
$1,014,787
$170,708 |
$1,664,389 |
|
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