The jackpot for the Powerball draw on Mon Jul 13, 2026, is projected to be $478 Million, with an option for a cash payout of $212.2 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 13, 2026 |
|---|
| Draw Date | Mon Jul 13, 2026 | | Projected Jackpot | $478,000,000 | | Cash Value | $212,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,200,000 | | Federal Tax(24%) | $50,928,000 | | Additional Federal Tax | $27,546,330 | | State Tax(5.99%) | $12,710,780 | | Net Lumpsum Payment | $121,014,890 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,194,378 |
$2,622,250
$430,943 |
$4,141,185 |
| 2 |
$7,554,312 |
$2,755,426
$452,503 |
$4,346,383 |
| 3 |
$7,931,932 |
$2,895,145
$475,123 |
$4,561,664 |
| 4 |
$8,328,672 |
$3,041,939
$498,887 |
$4,787,846 |
| 5 |
$8,745,010 |
$3,195,984
$523,826 |
$5,025,200 |
| 6 |
$9,182,380 |
$3,357,811
$550,025 |
$5,274,544 |
| 7 |
$9,641,260 |
$3,527,597
$577,511 |
$5,536,152 |
| 8 |
$10,123,562 |
$3,706,048
$606,401 |
$5,811,113 |
| 9 |
$10,629,764 |
$3,893,343
$636,723 |
$6,099,698 |
| 10 |
$11,161,300 |
$4,090,011
$668,562 |
$6,402,727 |
| 11 |
$11,719,126 |
$4,296,407
$701,976 |
$6,720,743 |
| 12 |
$12,305,154 |
$4,513,237
$737,079 |
$7,054,838 |
| 13 |
$12,920,340 |
$4,740,856
$773,928 |
$7,405,556 |
| 14 |
$13,566,596 |
$4,979,971
$812,639 |
$7,773,986 |
| 15 |
$14,244,878 |
$5,230,935
$853,268 |
$8,160,675 |
| 16 |
$14,957,098 |
$5,494,457
$895,930 |
$8,566,711 |
| 17 |
$15,704,690 |
$5,771,066
$940,711 |
$8,992,913 |
| 18 |
$16,490,044 |
$6,061,647
$987,754 |
$9,440,643 |
| 19 |
$17,314,594 |
$6,366,730
$1,037,144 |
$9,910,720 |
| 20 |
$18,180,252 |
$6,687,024
$1,088,997 |
$10,404,231 |
| 21 |
$19,089,408 |
$7,023,411
$1,143,456 |
$10,922,541 |
| 22 |
$20,043,974 |
$7,376,601
$1,200,634 |
$11,466,739 |
| 23 |
$21,045,862 |
$7,747,299
$1,260,647 |
$12,037,916 |
| 24 |
$22,098,418 |
$8,136,745
$1,323,695 |
$12,637,978 |
| 25 |
$23,203,076 |
$8,545,469
$1,389,864 |
$13,267,743 |
| 26 |
$24,363,660 |
$8,974,885
$1,459,383 |
$13,929,392 |
| 27 |
$25,581,604 |
$9,425,524
$1,532,338 |
$14,623,742 |
| 28 |
$26,860,732 |
$9,898,801
$1,608,958 |
$15,352,973 |
| 29 |
$28,203,912 |
$10,395,778
$1,689,414 |
$16,118,720 |
| 30 |
$29,614,012 |
$10,917,515
$1,773,879 |
$16,922,618 |
|
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