The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(5.99%) | $5,217,290 | | Net Lumpsum Payment | $49,695,380 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$174,902 |
$1,704,301 |
| 2 |
$3,065,976 |
$1,094,742
$183,652 |
$1,787,582 |
| 3 |
$3,219,236 |
$1,151,448
$192,832 |
$1,874,956 |
| 4 |
$3,380,256 |
$1,211,025
$202,477 |
$1,966,754 |
| 5 |
$3,549,230 |
$1,273,545
$212,599 |
$2,063,086 |
| 6 |
$3,726,740 |
$1,339,224
$223,232 |
$2,164,284 |
| 7 |
$3,912,980 |
$1,408,133
$234,388 |
$2,270,459 |
| 8 |
$4,108,726 |
$1,480,559
$246,113 |
$2,382,054 |
| 9 |
$4,314,172 |
$1,556,574
$258,419 |
$2,499,179 |
| 10 |
$4,529,900 |
$1,636,393
$271,341 |
$2,622,166 |
| 11 |
$4,756,298 |
$1,720,161
$284,902 |
$2,751,235 |
| 12 |
$4,994,142 |
$1,808,163
$299,149 |
$2,886,830 |
| 13 |
$5,243,820 |
$1,900,544
$314,105 |
$3,029,171 |
| 14 |
$5,506,108 |
$1,997,590
$329,816 |
$3,178,702 |
| 15 |
$5,781,394 |
$2,099,446
$346,306 |
$3,335,642 |
| 16 |
$6,070,454 |
$2,206,398
$363,620 |
$3,500,436 |
| 17 |
$6,373,870 |
$2,318,662
$381,795 |
$3,673,413 |
| 18 |
$6,692,612 |
$2,436,597
$400,887 |
$3,855,128 |
| 19 |
$7,027,262 |
$2,560,417
$420,933 |
$4,045,912 |
| 20 |
$7,378,596 |
$2,690,411
$441,978 |
$4,246,207 |
| 21 |
$7,747,584 |
$2,826,936
$464,080 |
$4,456,568 |
| 22 |
$8,135,002 |
$2,970,281
$487,287 |
$4,677,434 |
| 23 |
$8,541,626 |
$3,120,732
$511,643 |
$4,909,251 |
| 24 |
$8,968,814 |
$3,278,792
$537,232 |
$5,152,790 |
| 25 |
$9,417,148 |
$3,444,675
$564,087 |
$5,408,386 |
| 26 |
$9,888,180 |
$3,618,957
$592,302 |
$5,676,921 |
| 27 |
$10,382,492 |
$3,801,852
$621,911 |
$5,958,729 |
| 28 |
$10,901,636 |
$3,993,936
$653,008 |
$6,254,692 |
| 29 |
$11,446,776 |
$4,195,638
$685,662 |
$6,565,476 |
| 30 |
$12,019,076 |
$4,407,389
$719,943 |
$6,891,744 |
|
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