The jackpot for the MEGA Millions draw on Tue Jun 23, 2026, is projected to be $467 Million, with an option for a cash payout of $211 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 Tue Jun 23, 2026 |
|---|
| Draw Date | Tue Jun 23, 2026 | | Projected Jackpot | $467,000,000 | | Cash Value | $211,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $211,000,000 | | Federal Tax(24%) | $50,640,000 | | Additional Federal Tax | $27,390,330 | | State Tax(5.99%) | $12,638,900 | | Net Lumpsum Payment | $120,330,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$421,026 |
$4,046,798 |
| 2 |
$7,380,468 |
$2,691,104
$442,090 |
$4,247,274 |
| 3 |
$7,749,398 |
$2,827,608
$464,189 |
$4,457,601 |
| 4 |
$8,137,008 |
$2,971,023
$487,407 |
$4,678,578 |
| 5 |
$8,543,765 |
$3,121,523
$511,772 |
$4,910,470 |
| 6 |
$8,971,070 |
$3,279,626
$537,367 |
$5,154,077 |
| 7 |
$9,419,390 |
$3,445,505
$564,221 |
$5,409,664 |
| 8 |
$9,890,593 |
$3,619,850
$592,447 |
$5,678,296 |
| 9 |
$10,385,146 |
$3,802,834
$622,070 |
$5,960,242 |
| 10 |
$10,904,450 |
$3,994,977
$653,177 |
$6,256,296 |
| 11 |
$11,449,439 |
$4,196,623
$685,821 |
$6,566,995 |
| 12 |
$12,021,981 |
$4,408,463
$720,117 |
$6,893,401 |
| 13 |
$12,623,010 |
$4,630,844
$756,118 |
$7,236,048 |
| 14 |
$13,254,394 |
$4,864,456
$793,938 |
$7,596,000 |
| 15 |
$13,917,067 |
$5,109,645
$833,632 |
$7,973,790 |
| 16 |
$14,612,897 |
$5,367,102
$875,313 |
$8,370,482 |
| 17 |
$15,343,285 |
$5,637,346
$919,063 |
$8,786,876 |
| 18 |
$16,110,566 |
$5,921,240
$965,023 |
$9,224,303 |
| 19 |
$16,916,141 |
$6,219,303
$1,013,277 |
$9,683,561 |
| 20 |
$17,761,878 |
$6,532,225
$1,063,936 |
$10,165,717 |
| 21 |
$18,650,112 |
$6,860,872
$1,117,142 |
$10,672,098 |
| 22 |
$19,582,711 |
$7,205,933
$1,173,004 |
$11,203,774 |
| 23 |
$20,561,543 |
$7,568,101
$1,231,636 |
$11,761,806 |
| 24 |
$21,589,877 |
$7,948,585
$1,293,234 |
$12,348,058 |
| 25 |
$22,669,114 |
$8,347,903
$1,357,880 |
$12,963,331 |
| 26 |
$23,802,990 |
$8,767,437
$1,425,799 |
$13,609,754 |
| 27 |
$24,992,906 |
$9,207,706
$1,497,075 |
$14,288,125 |
| 28 |
$26,242,598 |
$9,670,092
$1,571,932 |
$15,000,574 |
| 29 |
$27,554,868 |
$10,155,632
$1,650,537 |
$15,748,699 |
| 30 |
$28,932,518 |
$10,665,362
$1,733,058 |
$16,534,098 |
|
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