The jackpot for the MEGA Millions draw on Tue Oct 21, 2025, is projected to be $650 Million, with an option for a cash payout of $304.1 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 Oct 21, 2025 |
|---|
| Draw Date | Tue Oct 21, 2025 | | Projected Jackpot | $650,000,000 | | Cash Value | $304,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $304,100,000 | | Federal Tax(24%) | $72,984,000 | | Additional Federal Tax | $39,493,330 | | State Tax(5.99%) | $18,215,590 | | Net Lumpsum Payment | $173,407,080 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,783,150 |
$3,580,096
$586,011 |
$5,617,043 |
| 2 |
$10,272,600 |
$3,761,192
$615,329 |
$5,896,079 |
| 3 |
$10,786,100 |
$3,951,187
$646,087 |
$6,188,826 |
| 4 |
$11,325,600 |
$4,150,802
$678,403 |
$6,496,395 |
| 5 |
$11,891,750 |
$4,360,278
$712,316 |
$6,819,156 |
| 6 |
$12,486,500 |
$4,580,335
$747,941 |
$7,158,224 |
| 7 |
$13,110,500 |
$4,811,215
$785,319 |
$7,513,966 |
| 8 |
$13,766,350 |
$5,053,880
$824,604 |
$7,887,866 |
| 9 |
$14,454,700 |
$5,308,569
$865,837 |
$8,280,294 |
| 10 |
$15,177,500 |
$5,576,005
$909,132 |
$8,692,363 |
| 11 |
$15,936,050 |
$5,856,669
$954,569 |
$9,124,812 |
| 12 |
$16,732,950 |
$6,151,522
$1,002,304 |
$9,579,124 |
| 13 |
$17,569,500 |
$6,461,045
$1,052,413 |
$10,056,042 |
| 14 |
$18,448,300 |
$6,786,201
$1,105,053 |
$10,557,046 |
| 15 |
$19,370,650 |
$7,127,471
$1,160,302 |
$11,082,877 |
| 16 |
$20,339,150 |
$7,485,816
$1,218,315 |
$11,635,019 |
| 17 |
$21,355,750 |
$7,861,958
$1,279,209 |
$12,214,583 |
| 18 |
$22,423,700 |
$8,257,099
$1,343,180 |
$12,823,421 |
| 19 |
$23,544,950 |
$8,671,962
$1,410,343 |
$13,462,645 |
| 20 |
$24,722,100 |
$9,107,507
$1,480,854 |
$14,133,739 |
| 21 |
$25,958,400 |
$9,564,938
$1,554,908 |
$14,838,554 |
| 22 |
$27,256,450 |
$10,045,217
$1,632,661 |
$15,578,572 |
| 23 |
$28,618,850 |
$10,549,305
$1,714,269 |
$16,355,276 |
| 24 |
$30,050,150 |
$11,078,886
$1,800,004 |
$17,171,260 |
| 25 |
$31,552,300 |
$11,634,681
$1,889,983 |
$18,027,636 |
| 26 |
$33,130,500 |
$12,218,615
$1,984,517 |
$18,927,368 |
| 27 |
$34,786,700 |
$12,831,409
$2,083,723 |
$19,871,568 |
| 28 |
$36,526,100 |
$13,474,987
$2,187,913 |
$20,863,200 |
| 29 |
$38,352,600 |
$14,150,792
$2,297,321 |
$21,904,487 |
| 30 |
$40,270,100 |
$14,860,267
$2,412,179 |
$22,997,654 |
|
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