The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(5.99%) | $10,740,070 | | Net Lumpsum Payment | $102,258,600 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$338,985 |
$3,265,965 |
| 2 |
$5,942,304 |
$2,158,983
$355,944 |
$3,427,377 |
| 3 |
$6,239,344 |
$2,268,888
$373,737 |
$3,596,719 |
| 4 |
$6,551,424 |
$2,384,357
$392,430 |
$3,774,637 |
| 5 |
$6,878,920 |
$2,505,531
$412,047 |
$3,961,342 |
| 6 |
$7,222,960 |
$2,632,826
$432,655 |
$4,157,479 |
| 7 |
$7,583,920 |
$2,766,381
$454,277 |
$4,363,262 |
| 8 |
$7,963,304 |
$2,906,753
$477,002 |
$4,579,549 |
| 9 |
$8,361,488 |
$3,054,081
$500,853 |
$4,806,554 |
| 10 |
$8,779,600 |
$3,208,782
$525,898 |
$5,044,920 |
| 11 |
$9,218,392 |
$3,371,135
$552,182 |
$5,295,075 |
| 12 |
$9,679,368 |
$3,541,697
$579,794 |
$5,557,877 |
| 13 |
$10,163,280 |
$3,720,744
$608,780 |
$5,833,756 |
| 14 |
$10,671,632 |
$3,908,834
$639,231 |
$6,123,567 |
| 15 |
$11,205,176 |
$4,106,246
$671,190 |
$6,427,740 |
| 16 |
$11,765,416 |
$4,313,534
$704,748 |
$6,747,134 |
| 17 |
$12,353,480 |
$4,531,118
$739,973 |
$7,082,389 |
| 18 |
$12,971,248 |
$4,759,692
$776,978 |
$7,434,578 |
| 19 |
$13,619,848 |
$4,999,674
$815,829 |
$7,804,345 |
| 20 |
$14,300,784 |
$5,251,620
$856,617 |
$8,192,547 |
| 21 |
$15,015,936 |
$5,516,227
$899,455 |
$8,600,254 |
| 22 |
$15,766,808 |
$5,794,049
$944,432 |
$9,028,327 |
| 23 |
$16,554,904 |
$6,085,645
$991,639 |
$9,477,620 |
| 24 |
$17,382,856 |
$6,391,987
$1,041,233 |
$9,949,636 |
| 25 |
$18,251,792 |
$6,713,493
$1,093,282 |
$10,445,017 |
| 26 |
$19,164,720 |
$7,051,277
$1,147,967 |
$10,965,476 |
| 27 |
$20,122,768 |
$7,405,755
$1,205,354 |
$11,511,659 |
| 28 |
$21,128,944 |
$7,778,040
$1,265,624 |
$12,085,280 |
| 29 |
$22,185,504 |
$8,168,967
$1,328,912 |
$12,687,625 |
| 30 |
$23,294,704 |
$8,579,371
$1,395,353 |
$13,319,980 |
|
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