The jackpot for the MEGA Millions draw on Tue Sep 16, 2025, is projected to be $400 Million, with an option for a cash payout of $185.8 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 Tue Sep 16, 2025 |
|---|
| Draw Date | Tue Sep 16, 2025 | | Projected Jackpot | $400,000,000 | | Cash Value | $185,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $185,800,000 | | Federal Tax(24%) | $44,592,000 | | Additional Federal Tax | $24,114,330 | | State Tax(5.99%) | $11,129,420 | | Net Lumpsum Payment | $105,964,250 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,020,400 |
$2,187,878
$360,622 |
$3,471,900 |
| 2 |
$6,321,600 |
$2,299,322
$378,664 |
$3,643,614 |
| 3 |
$6,637,600 |
$2,416,242
$397,592 |
$3,823,766 |
| 4 |
$6,969,600 |
$2,539,082
$417,479 |
$4,013,039 |
| 5 |
$7,318,000 |
$2,667,990
$438,348 |
$4,211,662 |
| 6 |
$7,684,000 |
$2,803,410
$460,272 |
$4,420,318 |
| 7 |
$8,068,000 |
$2,945,490
$483,273 |
$4,639,237 |
| 8 |
$8,471,600 |
$3,094,822
$507,449 |
$4,869,329 |
| 9 |
$8,895,200 |
$3,251,554
$532,822 |
$5,110,824 |
| 10 |
$9,340,000 |
$3,416,130
$559,466 |
$5,364,404 |
| 11 |
$9,806,800 |
$3,588,846
$587,427 |
$5,630,527 |
| 12 |
$10,297,200 |
$3,770,294
$616,802 |
$5,910,104 |
| 13 |
$10,812,000 |
$3,960,770
$647,639 |
$6,203,591 |
| 14 |
$11,352,800 |
$4,160,866
$680,033 |
$6,511,901 |
| 15 |
$11,920,400 |
$4,370,878
$714,032 |
$6,835,490 |
| 16 |
$12,516,400 |
$4,591,398
$749,732 |
$7,175,270 |
| 17 |
$13,142,000 |
$4,822,870
$787,206 |
$7,531,924 |
| 18 |
$13,799,200 |
$5,066,034
$826,572 |
$7,906,594 |
| 19 |
$14,489,200 |
$5,321,334
$867,903 |
$8,299,963 |
| 20 |
$15,213,600 |
$5,589,362
$911,295 |
$8,712,943 |
| 21 |
$15,974,400 |
$5,870,858
$956,867 |
$9,146,675 |
| 22 |
$16,773,200 |
$6,166,414
$1,004,715 |
$9,602,071 |
| 23 |
$17,611,600 |
$6,476,622
$1,054,935 |
$10,080,043 |
| 24 |
$18,492,400 |
$6,802,518
$1,107,695 |
$10,582,187 |
| 25 |
$19,416,800 |
$7,144,546
$1,163,066 |
$11,109,188 |
| 26 |
$20,388,000 |
$7,503,890
$1,221,241 |
$11,662,869 |
| 27 |
$21,407,200 |
$7,880,994
$1,282,291 |
$12,243,915 |
| 28 |
$22,477,600 |
$8,277,042
$1,346,408 |
$12,854,150 |
| 29 |
$23,601,600 |
$8,692,922
$1,413,736 |
$13,494,942 |
| 30 |
$24,781,600 |
$9,129,522
$1,484,418 |
$14,167,660 |
|
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