The jackpot for the MEGA Millions draw on Fri Sep 19, 2025, is projected to be $423 Million, with an option for a cash payout of $196.5 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Fri Sep 19, 2025 |
|---|
| Draw Date | Fri Sep 19, 2025 | | Projected Jackpot | $423,000,000 | | Cash Value | $196,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $196,500,000 | | Federal Tax(24%) | $47,160,000 | | Additional Federal Tax | $25,505,330 | | State Tax(5.99%) | $11,770,350 | | Net Lumpsum Payment | $112,064,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,366,573 |
$2,315,962
$381,358 |
$3,669,253 |
| 2 |
$6,685,092 |
$2,433,814
$400,437 |
$3,850,841 |
| 3 |
$7,019,262 |
$2,557,457
$420,454 |
$4,041,351 |
| 4 |
$7,370,352 |
$2,687,361
$441,484 |
$4,241,507 |
| 5 |
$7,738,785 |
$2,823,681
$463,553 |
$4,451,551 |
| 6 |
$8,125,830 |
$2,966,887
$486,737 |
$4,672,206 |
| 7 |
$8,531,910 |
$3,117,137
$511,061 |
$4,903,712 |
| 8 |
$8,958,717 |
$3,275,056
$536,627 |
$5,147,034 |
| 9 |
$9,406,674 |
$3,440,800
$563,460 |
$5,402,414 |
| 10 |
$9,877,050 |
$3,614,839
$591,635 |
$5,670,576 |
| 11 |
$10,370,691 |
$3,797,486
$621,204 |
$5,952,001 |
| 12 |
$10,889,289 |
$3,989,367
$652,268 |
$6,247,654 |
| 13 |
$11,433,690 |
$4,190,796
$684,878 |
$6,558,016 |
| 14 |
$12,005,586 |
$4,402,397
$719,135 |
$6,884,054 |
| 15 |
$12,605,823 |
$4,624,485
$755,089 |
$7,226,249 |
| 16 |
$13,236,093 |
$4,857,685
$792,842 |
$7,585,566 |
| 17 |
$13,897,665 |
$5,102,466
$832,470 |
$7,962,729 |
| 18 |
$14,592,654 |
$5,359,612
$874,100 |
$8,358,942 |
| 19 |
$15,322,329 |
$5,629,592
$917,808 |
$8,774,929 |
| 20 |
$16,088,382 |
$5,913,032
$963,694 |
$9,211,656 |
| 21 |
$16,892,928 |
$6,210,714
$1,011,886 |
$9,670,328 |
| 22 |
$17,737,659 |
$6,523,264
$1,062,486 |
$10,151,909 |
| 23 |
$18,624,267 |
$6,851,309
$1,115,594 |
$10,657,364 |
| 24 |
$19,555,713 |
$7,195,944
$1,171,387 |
$11,188,382 |
| 25 |
$20,533,266 |
$7,557,639
$1,229,943 |
$11,745,684 |
| 26 |
$21,560,310 |
$7,937,645
$1,291,463 |
$12,331,202 |
| 27 |
$22,638,114 |
$8,336,433
$1,356,023 |
$12,945,658 |
| 28 |
$23,770,062 |
$8,755,253
$1,423,827 |
$13,590,982 |
| 29 |
$24,958,692 |
$9,195,046
$1,495,026 |
$14,268,620 |
| 30 |
$26,206,542 |
$9,656,751
$1,569,772 |
$14,980,019 |
|
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