The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 Jul 14, 2025 |
|---|
| Draw Date | Mon Jul 14, 2025 | | Projected Jackpot | $248,000,000 | | Cash Value | $112,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,400,000 | | Federal Tax(24%) | $26,976,000 | | Additional Federal Tax | $14,572,330 | | State Tax(5.99%) | $6,732,760 | | Net Lumpsum Payment | $64,118,910 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,732,648 |
$1,341,410
$223,586 |
$2,167,652 |
| 2 |
$3,919,392 |
$1,410,505
$234,772 |
$2,274,115 |
| 3 |
$4,115,312 |
$1,482,996
$246,507 |
$2,385,809 |
| 4 |
$4,321,152 |
$1,559,157
$258,837 |
$2,503,158 |
| 5 |
$4,537,160 |
$1,639,080
$271,776 |
$2,626,304 |
| 6 |
$4,764,080 |
$1,723,040
$285,368 |
$2,755,672 |
| 7 |
$5,002,160 |
$1,811,130
$299,629 |
$2,891,401 |
| 8 |
$5,252,392 |
$1,903,715
$314,618 |
$3,034,059 |
| 9 |
$5,515,024 |
$2,000,889
$330,350 |
$3,183,785 |
| 10 |
$5,790,800 |
$2,102,926
$346,869 |
$3,341,005 |
| 11 |
$6,080,216 |
$2,210,010
$364,205 |
$3,506,001 |
| 12 |
$6,384,264 |
$2,322,508
$382,417 |
$3,679,339 |
| 13 |
$6,703,440 |
$2,440,603
$401,536 |
$3,861,301 |
| 14 |
$7,038,736 |
$2,564,663
$421,620 |
$4,052,453 |
| 15 |
$7,390,648 |
$2,694,870
$442,700 |
$4,253,078 |
| 16 |
$7,760,168 |
$2,831,593
$464,834 |
$4,463,741 |
| 17 |
$8,148,040 |
$2,975,105
$488,068 |
$4,684,867 |
| 18 |
$8,555,504 |
$3,125,867
$512,475 |
$4,917,162 |
| 19 |
$8,983,304 |
$3,284,153
$538,100 |
$5,161,051 |
| 20 |
$9,432,432 |
$3,450,330
$565,003 |
$5,417,099 |
| 21 |
$9,904,128 |
$3,624,858
$593,257 |
$5,686,013 |
| 22 |
$10,399,384 |
$3,808,102
$622,923 |
$5,968,359 |
| 23 |
$10,919,192 |
$4,000,431
$654,060 |
$6,264,701 |
| 24 |
$11,465,288 |
$4,202,487
$686,771 |
$6,576,030 |
| 25 |
$12,038,416 |
$4,414,544
$721,101 |
$6,902,771 |
| 26 |
$12,640,560 |
$4,637,338
$757,170 |
$7,246,052 |
| 27 |
$13,272,464 |
$4,871,142
$795,021 |
$7,606,301 |
| 28 |
$13,936,112 |
$5,116,692
$834,773 |
$7,984,647 |
| 29 |
$14,632,992 |
$5,374,537
$876,516 |
$8,381,939 |
| 30 |
$15,364,592 |
$5,645,229
$920,339 |
$8,799,024 |
|
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