The jackpot for the MEGA Millions draw on Fri Sep 5, 2025, is projected to be $336 Million, with an option for a cash payout of $151.3 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 Sep 5, 2025 |
|---|
| Draw Date | Fri Sep 5, 2025 | | Projected Jackpot | $336,000,000 | | Cash Value | $151,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $151,300,000 | | Federal Tax(24%) | $36,312,000 | | Additional Federal Tax | $19,629,330 | | State Tax(5.99%) | $9,062,870 | | Net Lumpsum Payment | $86,295,800 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,057,136 |
$1,831,471
$302,922 |
$2,922,743 |
| 2 |
$5,310,144 |
$1,925,084
$318,078 |
$3,066,982 |
| 3 |
$5,575,584 |
$2,023,296
$333,977 |
$3,218,311 |
| 4 |
$5,854,464 |
$2,126,482
$350,682 |
$3,377,300 |
| 5 |
$6,147,120 |
$2,234,765
$368,212 |
$3,544,143 |
| 6 |
$6,454,560 |
$2,348,518
$386,628 |
$3,719,414 |
| 7 |
$6,777,120 |
$2,467,865
$405,949 |
$3,903,306 |
| 8 |
$7,116,144 |
$2,593,304
$426,257 |
$4,096,583 |
| 9 |
$7,471,968 |
$2,724,959
$447,571 |
$4,299,438 |
| 10 |
$7,845,600 |
$2,863,202
$469,951 |
$4,512,447 |
| 11 |
$8,237,712 |
$3,008,284
$493,439 |
$4,735,989 |
| 12 |
$8,649,648 |
$3,160,700
$518,114 |
$4,970,834 |
| 13 |
$9,082,080 |
$3,320,700
$544,017 |
$5,217,363 |
| 14 |
$9,536,352 |
$3,488,781
$571,227 |
$5,476,344 |
| 15 |
$10,013,136 |
$3,665,191
$599,787 |
$5,748,158 |
| 16 |
$10,513,776 |
$3,850,428
$629,775 |
$6,033,573 |
| 17 |
$11,039,280 |
$4,044,864
$661,253 |
$6,333,163 |
| 18 |
$11,591,328 |
$4,249,122
$694,321 |
$6,647,885 |
| 19 |
$12,170,928 |
$4,463,574
$729,039 |
$6,978,315 |
| 20 |
$12,779,424 |
$4,688,717
$765,487 |
$7,325,220 |
| 21 |
$13,418,496 |
$4,925,174
$803,768 |
$7,689,554 |
| 22 |
$14,089,488 |
$5,173,441
$843,960 |
$8,072,087 |
| 23 |
$14,793,744 |
$5,434,016
$886,145 |
$8,473,583 |
| 24 |
$15,533,616 |
$5,707,768
$930,464 |
$8,895,384 |
| 25 |
$16,310,112 |
$5,995,072
$976,976 |
$9,338,064 |
| 26 |
$17,125,920 |
$6,296,921
$1,025,843 |
$9,803,156 |
| 27 |
$17,982,048 |
$6,613,688
$1,077,125 |
$10,291,235 |
| 28 |
$18,881,184 |
$6,946,368
$1,130,983 |
$10,803,833 |
| 29 |
$19,825,344 |
$7,295,708
$1,187,538 |
$11,342,098 |
| 30 |
$20,816,544 |
$7,662,452
$1,246,911 |
$11,907,181 |
|
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