Jackpot Analysis Rhode Island Powerball

Jackpot Analysis for Rhode Island Powerball
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 DateMon 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