The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(5.99%) | $4,444,580 | | Net Lumpsum Payment | $42,341,090 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$146,052 |
$1,429,723 |
| 2 |
$2,560,248 |
$907,622
$153,359 |
$1,499,267 |
| 3 |
$2,688,228 |
$954,975
$161,025 |
$1,572,228 |
| 4 |
$2,822,688 |
$1,004,725
$169,079 |
$1,648,884 |
| 5 |
$2,963,790 |
$1,056,933
$177,531 |
$1,729,326 |
| 6 |
$3,112,020 |
$1,111,778
$186,410 |
$1,813,832 |
| 7 |
$3,267,540 |
$1,169,320
$195,726 |
$1,902,494 |
| 8 |
$3,430,998 |
$1,229,800
$205,517 |
$1,995,681 |
| 9 |
$3,602,556 |
$1,293,276
$215,793 |
$2,093,487 |
| 10 |
$3,782,700 |
$1,359,929
$226,584 |
$2,196,187 |
| 11 |
$3,971,754 |
$1,429,879
$237,908 |
$2,303,967 |
| 12 |
$4,170,366 |
$1,503,366
$249,805 |
$2,417,195 |
| 13 |
$4,378,860 |
$1,580,509
$262,294 |
$2,536,057 |
| 14 |
$4,597,884 |
$1,661,547
$275,413 |
$2,660,924 |
| 15 |
$4,827,762 |
$1,746,602
$289,183 |
$2,791,977 |
| 16 |
$5,069,142 |
$1,835,913
$303,642 |
$2,929,587 |
| 17 |
$5,322,510 |
$1,929,659
$318,818 |
$3,074,033 |
| 18 |
$5,588,676 |
$2,028,141
$334,762 |
$3,225,773 |
| 19 |
$5,868,126 |
$2,131,537
$351,501 |
$3,385,088 |
| 20 |
$6,161,508 |
$2,240,088
$369,074 |
$3,552,346 |
| 21 |
$6,469,632 |
$2,354,094
$387,531 |
$3,728,007 |
| 22 |
$6,793,146 |
$2,473,794
$406,909 |
$3,912,443 |
| 23 |
$7,132,698 |
$2,599,429
$427,249 |
$4,106,020 |
| 24 |
$7,489,422 |
$2,731,417
$448,616 |
$4,309,389 |
| 25 |
$7,863,804 |
$2,869,938
$471,042 |
$4,522,824 |
| 26 |
$8,257,140 |
$3,015,472
$494,603 |
$4,747,065 |
| 27 |
$8,669,916 |
$3,168,199
$519,328 |
$4,982,389 |
| 28 |
$9,103,428 |
$3,328,599
$545,295 |
$5,229,534 |
| 29 |
$9,558,648 |
$3,497,030
$572,563 |
$5,489,055 |
| 30 |
$10,036,548 |
$3,673,853
$601,189 |
$5,761,506 |
|
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