The jackpot for the MEGA Millions draw on Tue Jun 24, 2025, is projected to be $326 Million, with an option for a cash payout of $145.7 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Tue Jun 24, 2025 |
|---|
| Draw Date | Tue Jun 24, 2025 | | Projected Jackpot | $326,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(5.99%) | $8,727,430 | | Net Lumpsum Payment | $83,103,240 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,906,626 |
$1,775,782
$293,907 |
$2,836,937 |
| 2 |
$5,152,104 |
$1,866,609
$308,611 |
$2,976,884 |
| 3 |
$5,409,644 |
$1,961,899
$324,038 |
$3,123,707 |
| 4 |
$5,680,224 |
$2,062,013
$340,245 |
$3,277,966 |
| 5 |
$5,964,170 |
$2,167,073
$357,254 |
$3,439,843 |
| 6 |
$6,262,460 |
$2,277,441
$375,121 |
$3,609,898 |
| 7 |
$6,575,420 |
$2,393,236
$393,868 |
$3,788,316 |
| 8 |
$6,904,354 |
$2,514,941
$413,571 |
$3,975,842 |
| 9 |
$7,249,588 |
$2,642,678
$434,250 |
$4,172,660 |
| 10 |
$7,612,100 |
$2,776,807
$455,965 |
$4,379,328 |
| 11 |
$7,992,542 |
$2,917,571
$478,753 |
$4,596,218 |
| 12 |
$8,392,218 |
$3,065,451
$502,694 |
$4,824,073 |
| 13 |
$8,811,780 |
$3,220,689
$527,826 |
$5,063,265 |
| 14 |
$9,252,532 |
$3,383,767
$554,227 |
$5,314,538 |
| 15 |
$9,715,126 |
$3,554,927
$581,936 |
$5,578,263 |
| 16 |
$10,200,866 |
$3,734,651
$611,032 |
$5,855,183 |
| 17 |
$10,710,730 |
$3,923,300
$641,573 |
$6,145,857 |
| 18 |
$11,246,348 |
$4,121,479
$673,656 |
$6,451,213 |
| 19 |
$11,808,698 |
$4,329,549
$707,341 |
$6,771,808 |
| 20 |
$12,399,084 |
$4,547,991
$742,705 |
$7,108,388 |
| 21 |
$13,019,136 |
$4,777,411
$779,846 |
$7,461,879 |
| 22 |
$13,670,158 |
$5,018,289
$818,842 |
$7,833,027 |
| 23 |
$14,353,454 |
$5,271,108
$859,772 |
$8,222,574 |
| 24 |
$15,071,306 |
$5,536,714
$902,771 |
$8,631,821 |
| 25 |
$15,824,692 |
$5,815,466
$947,899 |
$9,061,327 |
| 26 |
$16,616,220 |
$6,108,332
$995,312 |
$9,512,576 |
| 27 |
$17,446,868 |
$6,415,672
$1,045,067 |
$9,986,129 |
| 28 |
$18,319,244 |
$6,738,451
$1,097,323 |
$10,483,470 |
| 29 |
$19,235,304 |
$7,077,393
$1,152,195 |
$11,005,716 |
| 30 |
$20,197,004 |
$7,433,222
$1,209,801 |
$11,553,981 |
|
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