The jackpot for the MEGA Millions draw on Fri Nov 13, 2026, is projected to be $555 Million, with an option for a cash payout of $235.2 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 Fri Nov 13, 2026 |
|---|
| Draw Date | Fri Nov 13, 2026 | | Projected Jackpot | $555,000,000 | | Cash Value | $235,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $235,200,000 | | Federal Tax(24%) | $56,448,000 | | Additional Federal Tax | $30,536,330 | | State Tax(5.99%) | $14,088,480 | | Net Lumpsum Payment | $134,127,190 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,353,305 |
$3,051,053
$500,363 |
$4,801,889 |
| 2 |
$8,771,220 |
$3,205,682
$525,396 |
$5,040,142 |
| 3 |
$9,209,670 |
$3,367,908
$551,659 |
$5,290,103 |
| 4 |
$9,670,320 |
$3,538,349
$579,252 |
$5,552,719 |
| 5 |
$10,153,725 |
$3,717,209
$608,208 |
$5,828,308 |
| 6 |
$10,661,550 |
$3,905,104
$638,627 |
$6,117,819 |
| 7 |
$11,194,350 |
$4,102,240
$670,542 |
$6,421,568 |
| 8 |
$11,754,345 |
$4,309,438
$704,085 |
$6,740,822 |
| 9 |
$12,342,090 |
$4,526,904
$739,291 |
$7,075,895 |
| 10 |
$12,959,250 |
$4,755,253
$776,259 |
$7,427,738 |
| 11 |
$13,606,935 |
$4,994,896
$815,055 |
$7,796,984 |
| 12 |
$14,287,365 |
$5,246,655
$855,813 |
$8,184,897 |
| 13 |
$15,001,650 |
$5,510,941
$898,599 |
$8,592,110 |
| 14 |
$15,752,010 |
$5,788,574
$943,545 |
$9,019,891 |
| 15 |
$16,539,555 |
$6,079,966
$990,719 |
$9,468,870 |
| 16 |
$17,366,505 |
$6,385,937
$1,040,254 |
$9,940,314 |
| 17 |
$18,234,525 |
$6,707,105
$1,092,248 |
$10,435,172 |
| 18 |
$19,146,390 |
$7,044,495
$1,146,869 |
$10,955,026 |
| 19 |
$20,103,765 |
$7,398,723
$1,204,216 |
$11,500,826 |
| 20 |
$21,108,870 |
$7,770,612
$1,264,421 |
$12,073,837 |
| 21 |
$22,164,480 |
$8,161,188
$1,327,652 |
$12,675,640 |
| 22 |
$23,272,815 |
$8,571,272
$1,394,042 |
$13,307,501 |
| 23 |
$24,436,095 |
$9,001,686
$1,463,722 |
$13,970,687 |
| 24 |
$25,658,205 |
$9,453,866
$1,536,926 |
$14,667,413 |
| 25 |
$26,940,810 |
$9,928,430
$1,613,755 |
$15,398,625 |
| 26 |
$28,288,350 |
$10,427,020
$1,694,472 |
$16,166,858 |
| 27 |
$29,702,490 |
$10,950,252
$1,779,179 |
$16,973,059 |
| 28 |
$31,187,670 |
$11,499,768
$1,868,141 |
$17,819,761 |
| 29 |
$32,747,220 |
$12,076,802
$1,961,558 |
$18,708,860 |
| 30 |
$34,384,470 |
$12,682,584
$2,059,630 |
$19,642,256 |
|
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