The jackpot for the Powerball draw on Mon Sep 21, 2026, is projected to be $313 Million, with an option for a cash payout of $133.6 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 Sep 21, 2026 |
|---|
| Draw Date | Mon Sep 21, 2026 | | Projected Jackpot | $313,000,000 | | Cash Value | $133,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $133,600,000 | | Federal Tax(24%) | $32,064,000 | | Additional Federal Tax | $17,328,330 | | State Tax(5.99%) | $8,002,640 | | Net Lumpsum Payment | $76,205,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,710,963 |
$1,703,387
$282,187 |
$2,725,389 |
| 2 |
$4,946,652 |
$1,790,592
$296,304 |
$2,859,756 |
| 3 |
$5,193,922 |
$1,882,082
$311,116 |
$3,000,724 |
| 4 |
$5,453,712 |
$1,978,204
$326,677 |
$3,148,831 |
| 5 |
$5,726,335 |
$2,079,074
$343,007 |
$3,304,254 |
| 6 |
$6,012,730 |
$2,185,040
$360,163 |
$3,467,527 |
| 7 |
$6,313,210 |
$2,296,218
$378,161 |
$3,638,831 |
| 8 |
$6,629,027 |
$2,413,070
$397,079 |
$3,818,878 |
| 9 |
$6,960,494 |
$2,535,713
$416,934 |
$4,007,847 |
| 10 |
$7,308,550 |
$2,664,494
$437,782 |
$4,206,274 |
| 11 |
$7,673,821 |
$2,799,644
$459,662 |
$4,414,515 |
| 12 |
$8,057,559 |
$2,941,627
$482,648 |
$4,633,284 |
| 13 |
$8,460,390 |
$3,090,675
$506,777 |
$4,862,938 |
| 14 |
$8,883,566 |
$3,247,250
$532,126 |
$5,104,190 |
| 15 |
$9,327,713 |
$3,411,584
$558,730 |
$5,357,399 |
| 16 |
$9,794,083 |
$3,584,141
$586,666 |
$5,623,276 |
| 17 |
$10,283,615 |
$3,765,268
$615,989 |
$5,902,358 |
| 18 |
$10,797,874 |
$3,955,544
$646,793 |
$6,195,537 |
| 19 |
$11,337,799 |
$4,155,316
$679,134 |
$6,503,349 |
| 20 |
$11,904,642 |
$4,365,048
$713,088 |
$6,826,506 |
| 21 |
$12,499,968 |
$4,585,319
$748,748 |
$7,165,901 |
| 22 |
$13,125,029 |
$4,816,591
$786,189 |
$7,522,249 |
| 23 |
$13,781,077 |
$5,059,329
$825,487 |
$7,896,261 |
| 24 |
$14,470,303 |
$5,314,342
$866,771 |
$8,289,190 |
| 25 |
$15,193,646 |
$5,581,979
$910,099 |
$8,701,568 |
| 26 |
$15,953,610 |
$5,863,166
$955,621 |
$9,134,823 |
| 27 |
$16,751,134 |
$6,158,250
$1,003,393 |
$9,589,491 |
| 28 |
$17,588,722 |
$6,468,158
$1,053,564 |
$10,067,000 |
| 29 |
$18,468,252 |
$6,793,584
$1,106,248 |
$10,568,420 |
| 30 |
$19,391,602 |
$7,135,223
$1,161,557 |
$11,094,822 |
|
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