The jackpot for the MEGA Millions draw on Fri Oct 31, 2025, is projected to be $754 Million, with an option for a cash payout of $352.8 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 Oct 31, 2025 |
|---|
| Draw Date | Fri Oct 31, 2025 | | Projected Jackpot | $754,000,000 | | Cash Value | $352,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $352,800,000 | | Federal Tax(24%) | $84,672,000 | | Additional Federal Tax | $45,824,330 | | State Tax(5.99%) | $21,132,720 | | Net Lumpsum Payment | $201,170,950 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,348,454 |
$4,159,258
$679,772 |
$6,509,424 |
| 2 |
$11,916,216 |
$4,369,330
$713,781 |
$6,833,105 |
| 3 |
$12,511,876 |
$4,589,725
$749,461 |
$7,172,690 |
| 4 |
$13,137,696 |
$4,821,278
$786,948 |
$7,529,470 |
| 5 |
$13,794,430 |
$5,064,269
$826,286 |
$7,903,875 |
| 6 |
$14,484,340 |
$5,319,536
$867,612 |
$8,297,192 |
| 7 |
$15,208,180 |
$5,587,357
$910,970 |
$8,709,853 |
| 8 |
$15,968,966 |
$5,868,848
$956,541 |
$9,143,577 |
| 9 |
$16,767,452 |
$6,164,288
$1,004,370 |
$9,598,794 |
| 10 |
$17,605,900 |
$6,474,513
$1,054,593 |
$10,076,794 |
| 11 |
$18,485,818 |
$6,800,083
$1,107,300 |
$10,578,435 |
| 12 |
$19,410,222 |
$7,142,113
$1,162,672 |
$11,105,437 |
| 13 |
$20,380,620 |
$7,501,160
$1,220,799 |
$11,658,661 |
| 14 |
$21,400,028 |
$7,878,341
$1,281,862 |
$12,239,825 |
| 15 |
$22,469,954 |
$8,274,213
$1,345,950 |
$12,849,791 |
| 16 |
$23,593,414 |
$8,689,894
$1,413,245 |
$13,490,275 |
| 17 |
$24,772,670 |
$9,126,218
$1,483,883 |
$14,162,569 |
| 18 |
$26,011,492 |
$9,584,582
$1,558,088 |
$14,868,822 |
| 19 |
$27,312,142 |
$10,065,823
$1,635,997 |
$15,610,322 |
| 20 |
$28,677,636 |
$10,571,056
$1,717,790 |
$16,388,790 |
| 21 |
$30,111,744 |
$11,101,676
$1,803,693 |
$17,206,375 |
| 22 |
$31,617,482 |
$11,658,799
$1,893,887 |
$18,064,796 |
| 23 |
$33,197,866 |
$12,243,541
$1,988,552 |
$18,965,773 |
| 24 |
$34,858,174 |
$12,857,855
$2,088,005 |
$19,912,314 |
| 25 |
$36,600,668 |
$13,502,578
$2,192,380 |
$20,905,710 |
| 26 |
$38,431,380 |
$14,179,941
$2,302,040 |
$21,949,399 |
| 27 |
$40,352,572 |
$14,890,782
$2,417,119 |
$23,044,671 |
| 28 |
$42,370,276 |
$15,637,333
$2,537,980 |
$24,194,963 |
| 29 |
$44,489,016 |
$16,421,266
$2,664,892 |
$25,402,858 |
| 30 |
$46,713,316 |
$17,244,257
$2,798,128 |
$26,670,931 |
|
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