The jackpot for the Powerball draw on Wed Mar 25, 2026, is projected to be $147 Million, with an option for a cash payout of $66.6 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 Wed Mar 25, 2026 |
|---|
| Draw Date | Wed Mar 25, 2026 | | Projected Jackpot | $147,000,000 | | Cash Value | $66,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $66,600,000 | | Federal Tax(24%) | $15,984,000 | | Additional Federal Tax | $8,618,330 | | State Tax(5.99%) | $3,989,340 | | Net Lumpsum Payment | $38,008,330 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,212,497 |
$778,954
$132,529 |
$1,301,014 |
| 2 |
$2,323,188 |
$819,910
$139,159 |
$1,364,119 |
| 3 |
$2,439,318 |
$862,878
$146,115 |
$1,430,325 |
| 4 |
$2,561,328 |
$908,022
$153,424 |
$1,499,882 |
| 5 |
$2,689,365 |
$955,395
$161,093 |
$1,572,877 |
| 6 |
$2,823,870 |
$1,005,162
$169,150 |
$1,649,558 |
| 7 |
$2,964,990 |
$1,057,377
$177,603 |
$1,730,010 |
| 8 |
$3,113,313 |
$1,112,256
$186,487 |
$1,814,570 |
| 9 |
$3,268,986 |
$1,169,855
$195,812 |
$1,903,319 |
| 10 |
$3,432,450 |
$1,230,337
$205,604 |
$1,996,509 |
| 11 |
$3,603,999 |
$1,293,810
$215,880 |
$2,094,309 |
| 12 |
$3,784,221 |
$1,360,492
$226,675 |
$2,197,054 |
| 13 |
$3,973,410 |
$1,430,492
$238,007 |
$2,304,911 |
| 14 |
$4,172,154 |
$1,504,027
$249,912 |
$2,418,215 |
| 15 |
$4,380,747 |
$1,581,207
$262,407 |
$2,537,133 |
| 16 |
$4,599,777 |
$1,662,248
$275,527 |
$2,662,002 |
| 17 |
$4,829,685 |
$1,747,314
$289,298 |
$2,793,073 |
| 18 |
$5,071,206 |
$1,836,677
$303,765 |
$2,930,764 |
| 19 |
$5,324,781 |
$1,930,499
$318,954 |
$3,075,328 |
| 20 |
$5,590,998 |
$2,029,000
$334,901 |
$3,227,097 |
| 21 |
$5,870,592 |
$2,132,449
$351,648 |
$3,386,495 |
| 22 |
$6,164,151 |
$2,241,066
$369,233 |
$3,553,852 |
| 23 |
$6,472,263 |
$2,355,068
$387,689 |
$3,729,506 |
| 24 |
$6,795,957 |
$2,474,834
$407,078 |
$3,914,045 |
| 25 |
$7,135,674 |
$2,600,530
$427,427 |
$4,107,717 |
| 26 |
$7,492,590 |
$2,732,589
$448,806 |
$4,311,195 |
| 27 |
$7,867,146 |
$2,871,174
$471,242 |
$4,524,730 |
| 28 |
$8,260,518 |
$3,016,722
$494,805 |
$4,748,991 |
| 29 |
$8,673,588 |
$3,169,558
$519,548 |
$4,984,482 |
| 30 |
$9,107,238 |
$3,330,008
$545,524 |
$5,231,706 |
|
|
