The jackpot for the MEGA Millions draw on Tue Oct 28, 2025, is projected to be $714 Million, with an option for a cash payout of $334.1 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 28, 2025 |
|---|
| Draw Date | Tue Oct 28, 2025 | | Projected Jackpot | $714,000,000 | | Cash Value | $334,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $334,100,000 | | Federal Tax(24%) | $80,184,000 | | Additional Federal Tax | $43,393,330 | | State Tax(5.99%) | $20,012,590 | | Net Lumpsum Payment | $190,510,080 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,746,414 |
$3,936,504
$643,710 |
$6,166,200 |
| 2 |
$11,284,056 |
$4,135,431
$675,915 |
$6,472,710 |
| 3 |
$11,848,116 |
$4,344,133
$709,702 |
$6,794,281 |
| 4 |
$12,440,736 |
$4,563,403
$745,200 |
$7,132,133 |
| 5 |
$13,062,630 |
$4,793,503
$782,452 |
$7,486,675 |
| 6 |
$13,715,940 |
$5,035,228
$821,585 |
$7,859,127 |
| 7 |
$14,401,380 |
$5,288,841
$862,643 |
$8,249,896 |
| 8 |
$15,121,806 |
$5,555,399
$905,796 |
$8,660,611 |
| 9 |
$15,877,932 |
$5,835,165
$951,088 |
$9,091,679 |
| 10 |
$16,671,900 |
$6,128,933
$998,647 |
$9,544,320 |
| 11 |
$17,505,138 |
$6,437,231
$1,048,558 |
$10,019,349 |
| 12 |
$18,380,502 |
$6,761,116
$1,100,992 |
$10,518,394 |
| 13 |
$19,299,420 |
$7,101,116
$1,156,035 |
$11,042,269 |
| 14 |
$20,264,748 |
$7,458,287
$1,213,858 |
$11,592,603 |
| 15 |
$21,277,914 |
$7,833,159
$1,274,547 |
$12,170,208 |
| 16 |
$22,341,774 |
$8,226,787
$1,338,272 |
$12,776,715 |
| 17 |
$23,458,470 |
$8,639,964
$1,405,162 |
$13,413,344 |
| 18 |
$24,631,572 |
$9,074,012
$1,475,431 |
$14,082,129 |
| 19 |
$25,863,222 |
$9,529,723
$1,549,207 |
$14,784,292 |
| 20 |
$27,156,276 |
$10,008,153
$1,626,661 |
$15,521,462 |
| 21 |
$28,514,304 |
$10,510,623
$1,708,007 |
$16,295,674 |
| 22 |
$29,940,162 |
$11,038,190
$1,793,416 |
$17,108,556 |
| 23 |
$31,436,706 |
$11,591,912
$1,883,059 |
$17,961,735 |
| 24 |
$33,008,934 |
$12,173,636
$1,977,235 |
$18,858,063 |
| 25 |
$34,658,988 |
$12,784,156
$2,076,073 |
$19,798,759 |
| 26 |
$36,392,580 |
$13,425,585
$2,179,916 |
$20,787,079 |
| 27 |
$38,211,852 |
$14,098,716
$2,288,890 |
$21,824,246 |
| 28 |
$40,122,516 |
$14,805,661
$2,403,339 |
$22,913,516 |
| 29 |
$42,128,856 |
$15,548,007
$2,523,518 |
$24,057,331 |
| 30 |
$44,235,156 |
$16,327,338
$2,649,686 |
$25,258,132 |
|
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