The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(5.99%) | $13,932,740 | | Net Lumpsum Payment | $132,644,930 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$447,171 |
$4,295,635 |
| 2 |
$7,838,784 |
$2,860,680
$469,543 |
$4,508,561 |
| 3 |
$8,230,624 |
$3,005,661
$493,014 |
$4,731,949 |
| 4 |
$8,642,304 |
$3,157,983
$517,674 |
$4,966,647 |
| 5 |
$9,074,320 |
$3,317,829
$543,552 |
$5,212,939 |
| 6 |
$9,528,160 |
$3,485,750
$570,737 |
$5,471,673 |
| 7 |
$10,004,320 |
$3,661,929
$599,259 |
$5,743,132 |
| 8 |
$10,504,784 |
$3,847,100
$629,237 |
$6,028,447 |
| 9 |
$11,030,048 |
$4,041,448
$660,700 |
$6,327,900 |
| 10 |
$11,581,600 |
$4,245,522
$693,738 |
$6,642,340 |
| 11 |
$12,160,432 |
$4,459,690
$728,410 |
$6,972,332 |
| 12 |
$12,768,528 |
$4,684,686
$764,835 |
$7,319,007 |
| 13 |
$13,406,880 |
$4,920,876
$803,072 |
$7,682,932 |
| 14 |
$14,077,472 |
$5,168,995
$843,241 |
$8,065,236 |
| 15 |
$14,781,296 |
$5,429,410
$885,400 |
$8,466,486 |
| 16 |
$15,520,336 |
$5,702,855
$929,668 |
$8,887,813 |
| 17 |
$16,296,080 |
$5,989,880
$976,135 |
$9,330,065 |
| 18 |
$17,111,008 |
$6,291,403
$1,024,949 |
$9,794,656 |
| 19 |
$17,966,608 |
$6,607,975
$1,076,200 |
$10,282,433 |
| 20 |
$18,864,864 |
$6,940,330
$1,130,005 |
$10,794,529 |
| 21 |
$19,808,256 |
$7,289,385
$1,186,515 |
$11,332,356 |
| 22 |
$20,798,768 |
$7,655,875
$1,245,846 |
$11,897,047 |
| 23 |
$21,838,384 |
$8,040,532
$1,308,119 |
$12,489,733 |
| 24 |
$22,930,576 |
$8,444,644
$1,373,542 |
$13,112,390 |
| 25 |
$24,076,832 |
$8,868,758
$1,442,202 |
$13,765,872 |
| 26 |
$25,281,120 |
$9,314,345
$1,514,339 |
$14,452,436 |
| 27 |
$26,544,928 |
$9,781,954
$1,590,041 |
$15,172,933 |
| 28 |
$27,872,224 |
$10,273,053
$1,669,546 |
$15,929,625 |
| 29 |
$29,265,984 |
$10,788,744
$1,753,032 |
$16,724,208 |
| 30 |
$30,729,184 |
$11,330,128
$1,840,678 |
$17,558,378 |
|
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