The jackpot for the MEGA Millions draw on Tue Nov 4, 2025, is projected to be $800 Million, with an option for a cash payout of $371.7 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 Nov 4, 2025 |
|---|
| Draw Date | Tue Nov 4, 2025 | | Projected Jackpot | $800,000,000 | | Cash Value | $371,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $371,700,000 | | Federal Tax(24%) | $89,208,000 | | Additional Federal Tax | $48,281,330 | | State Tax(5.99%) | $22,264,830 | | Net Lumpsum Payment | $211,945,840 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,040,800 |
$4,415,426
$721,244 |
$6,904,130 |
| 2 |
$12,643,200 |
$4,638,314
$757,328 |
$7,247,558 |
| 3 |
$13,275,200 |
$4,872,154
$795,184 |
$7,607,862 |
| 4 |
$13,939,200 |
$5,117,834
$834,958 |
$7,986,408 |
| 5 |
$14,636,000 |
$5,375,650
$876,696 |
$8,383,654 |
| 6 |
$15,368,000 |
$5,646,490
$920,543 |
$8,800,967 |
| 7 |
$16,136,000 |
$5,930,650
$966,546 |
$9,238,804 |
| 8 |
$16,943,200 |
$6,229,314
$1,014,898 |
$9,698,988 |
| 9 |
$17,790,400 |
$6,542,778
$1,065,645 |
$10,181,977 |
| 10 |
$18,680,000 |
$6,871,930
$1,118,932 |
$10,689,138 |
| 11 |
$19,613,600 |
$7,217,362
$1,174,855 |
$11,221,383 |
| 12 |
$20,594,400 |
$7,580,258
$1,233,605 |
$11,780,537 |
| 13 |
$21,624,000 |
$7,961,210
$1,295,278 |
$12,367,512 |
| 14 |
$22,705,600 |
$8,361,402
$1,360,065 |
$12,984,133 |
| 15 |
$23,840,800 |
$8,781,426
$1,428,064 |
$13,631,310 |
| 16 |
$25,032,800 |
$9,222,466
$1,499,465 |
$14,310,869 |
| 17 |
$26,284,000 |
$9,685,410
$1,574,412 |
$15,024,178 |
| 18 |
$27,598,400 |
$10,171,738
$1,653,144 |
$15,773,518 |
| 19 |
$28,978,400 |
$10,682,338
$1,735,806 |
$16,560,256 |
| 20 |
$30,427,200 |
$11,218,394
$1,822,589 |
$17,386,217 |
| 21 |
$31,948,800 |
$11,781,386
$1,913,733 |
$18,253,681 |
| 22 |
$33,546,400 |
$12,372,498
$2,009,429 |
$19,164,473 |
| 23 |
$35,223,200 |
$12,992,914
$2,109,870 |
$20,120,416 |
| 24 |
$36,984,800 |
$13,644,706
$2,215,390 |
$21,124,704 |
| 25 |
$38,833,600 |
$14,328,762
$2,326,133 |
$22,178,705 |
| 26 |
$40,776,000 |
$15,047,450
$2,442,482 |
$23,286,068 |
| 27 |
$42,814,400 |
$15,801,658
$2,564,583 |
$24,448,159 |
| 28 |
$44,955,200 |
$16,593,754
$2,692,816 |
$25,668,630 |
| 29 |
$47,203,200 |
$17,425,514
$2,827,472 |
$26,950,214 |
| 30 |
$49,563,200 |
$18,298,714
$2,968,836 |
$28,295,650 |
|
|
