The jackpot for the MEGA Millions draw on Fri Jul 10, 2026, is projected to be $604 Million, with an option for a cash payout of $266.3 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 Jul 10, 2026 |
|---|
| Draw Date | Fri Jul 10, 2026 | | Projected Jackpot | $604,000,000 | | Cash Value | $266,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $266,300,000 | | Federal Tax(24%) | $63,912,000 | | Additional Federal Tax | $34,579,330 | | State Tax(5.99%) | $15,951,370 | | Net Lumpsum Payment | $151,857,300 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,090,804 |
$3,323,928
$544,539 |
$5,222,337 |
| 2 |
$9,545,616 |
$3,492,208
$571,782 |
$5,481,626 |
| 3 |
$10,022,776 |
$3,668,758
$600,364 |
$5,753,654 |
| 4 |
$10,524,096 |
$3,854,246
$630,393 |
$6,039,457 |
| 5 |
$11,050,180 |
$4,048,897
$661,906 |
$6,339,377 |
| 6 |
$11,602,840 |
$4,253,381
$695,010 |
$6,654,449 |
| 7 |
$12,182,680 |
$4,467,922
$729,743 |
$6,985,015 |
| 8 |
$12,792,116 |
$4,693,413
$766,248 |
$7,332,455 |
| 9 |
$13,431,752 |
$4,930,079
$804,562 |
$7,697,111 |
| 10 |
$14,103,400 |
$5,178,588
$844,794 |
$8,080,018 |
| 11 |
$14,808,268 |
$5,439,390
$887,015 |
$8,481,863 |
| 12 |
$15,548,772 |
$5,713,376
$931,371 |
$8,904,025 |
| 13 |
$16,326,120 |
$6,000,995
$977,935 |
$9,347,190 |
| 14 |
$17,142,728 |
$6,303,140
$1,026,849 |
$9,812,739 |
| 15 |
$17,999,804 |
$6,620,258
$1,078,188 |
$10,301,358 |
| 16 |
$18,899,764 |
$6,953,243
$1,132,096 |
$10,814,425 |
| 17 |
$19,844,420 |
$7,302,766
$1,188,681 |
$11,352,973 |
| 18 |
$20,836,792 |
$7,669,943
$1,248,124 |
$11,918,725 |
| 19 |
$21,878,692 |
$8,055,446
$1,310,534 |
$12,512,712 |
| 20 |
$22,972,536 |
$8,460,169
$1,376,055 |
$13,136,312 |
| 21 |
$24,121,344 |
$8,885,228
$1,444,869 |
$13,791,247 |
| 22 |
$25,327,532 |
$9,331,517
$1,517,119 |
$14,478,896 |
| 23 |
$26,593,516 |
$9,799,931
$1,592,952 |
$15,200,633 |
| 24 |
$27,923,524 |
$10,292,034
$1,672,619 |
$15,958,871 |
| 25 |
$29,319,368 |
$10,808,497
$1,756,230 |
$16,754,641 |
| 26 |
$30,785,880 |
$11,351,106
$1,844,074 |
$17,590,700 |
| 27 |
$32,324,872 |
$11,920,533
$1,936,260 |
$18,468,079 |
| 28 |
$33,941,176 |
$12,518,566
$2,033,076 |
$19,389,534 |
| 29 |
$35,638,416 |
$13,146,544
$2,134,741 |
$20,357,131 |
| 30 |
$37,420,216 |
$13,805,810
$2,241,471 |
$21,372,935 |
|
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