The jackpot for the Powerball draw on Mon May 19, 2025, is projected to be $134 Million, with an option for a cash payout of $60.3 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 May 19, 2025 |
|---|
| Draw Date | Mon May 19, 2025 | | Projected Jackpot | $134,000,000 | | Cash Value | $60,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $60,300,000 | | Federal Tax(24%) | $14,472,000 | | Additional Federal Tax | $7,799,330 | | State Tax(5.99%) | $3,611,970 | | Net Lumpsum Payment | $34,416,700 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,016,834 |
$706,559
$120,808 |
$1,189,467 |
| 2 |
$2,117,736 |
$743,893
$126,852 |
$1,246,991 |
| 3 |
$2,223,596 |
$783,061
$133,193 |
$1,307,342 |
| 4 |
$2,334,816 |
$824,212
$139,855 |
$1,370,749 |
| 5 |
$2,451,530 |
$867,396
$146,847 |
$1,437,287 |
| 6 |
$2,574,140 |
$912,762
$154,191 |
$1,507,187 |
| 7 |
$2,702,780 |
$960,359
$161,897 |
$1,580,524 |
| 8 |
$2,837,986 |
$1,010,385
$169,995 |
$1,657,606 |
| 9 |
$2,979,892 |
$1,062,890
$178,496 |
$1,738,506 |
| 10 |
$3,128,900 |
$1,118,023
$187,421 |
$1,823,456 |
| 11 |
$3,285,278 |
$1,175,883
$196,788 |
$1,912,607 |
| 12 |
$3,449,562 |
$1,236,668
$206,629 |
$2,006,265 |
| 13 |
$3,622,020 |
$1,300,478
$216,959 |
$2,104,583 |
| 14 |
$3,803,188 |
$1,367,510
$227,811 |
$2,207,867 |
| 15 |
$3,993,334 |
$1,437,864
$239,201 |
$2,316,269 |
| 16 |
$4,192,994 |
$1,511,738
$251,160 |
$2,430,096 |
| 17 |
$4,402,570 |
$1,589,281
$263,714 |
$2,549,575 |
| 18 |
$4,622,732 |
$1,670,741
$276,902 |
$2,675,089 |
| 19 |
$4,853,882 |
$1,756,267
$290,748 |
$2,806,867 |
| 20 |
$5,096,556 |
$1,846,056
$305,284 |
$2,945,216 |
| 21 |
$5,351,424 |
$1,940,357
$320,550 |
$3,090,517 |
| 22 |
$5,619,022 |
$2,039,369
$336,579 |
$3,243,074 |
| 23 |
$5,899,886 |
$2,143,288
$353,403 |
$3,403,195 |
| 24 |
$6,194,954 |
$2,252,463
$371,078 |
$3,571,413 |
| 25 |
$6,504,628 |
$2,367,043
$389,627 |
$3,747,958 |
| 26 |
$6,829,980 |
$2,487,423
$409,116 |
$3,933,441 |
| 27 |
$7,171,412 |
$2,613,753
$429,568 |
$4,128,091 |
| 28 |
$7,529,996 |
$2,746,429
$451,047 |
$4,332,520 |
| 29 |
$7,906,536 |
$2,885,749
$473,602 |
$4,547,185 |
| 30 |
$8,301,836 |
$3,032,010
$497,280 |
$4,772,546 |
|
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