The jackpot for the MEGA Millions draw on Tue Jun 2, 2026, is projected to be $346 Million, with an option for a cash payout of $153.8 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 Jun 2, 2026 |
|---|
| Draw Date | Tue Jun 2, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $153,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $153,800,000 | | Federal Tax(24%) | $36,912,000 | | Additional Federal Tax | $19,954,330 | | State Tax(5.99%) | $9,212,620 | | Net Lumpsum Payment | $87,721,050 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$311,938 |
$3,008,549 |
| 2 |
$5,468,184 |
$1,983,558
$327,544 |
$3,157,082 |
| 3 |
$5,741,524 |
$2,084,694
$343,917 |
$3,312,913 |
| 4 |
$6,028,704 |
$2,190,951
$361,119 |
$3,476,634 |
| 5 |
$6,330,070 |
$2,302,456
$379,171 |
$3,648,443 |
| 6 |
$6,646,660 |
$2,419,595
$398,135 |
$3,828,930 |
| 7 |
$6,978,820 |
$2,542,494
$418,031 |
$4,018,295 |
| 8 |
$7,327,934 |
$2,671,666
$438,943 |
$4,217,325 |
| 9 |
$7,694,348 |
$2,807,239
$460,891 |
$4,426,218 |
| 10 |
$8,079,100 |
$2,949,597
$483,938 |
$4,645,565 |
| 11 |
$8,482,882 |
$3,098,997
$508,125 |
$4,875,760 |
| 12 |
$8,907,078 |
$3,255,949
$533,534 |
$5,117,595 |
| 13 |
$9,352,380 |
$3,420,711
$560,208 |
$5,371,461 |
| 14 |
$9,820,172 |
$3,593,794
$588,228 |
$5,638,150 |
| 15 |
$10,311,146 |
$3,775,454
$617,638 |
$5,918,054 |
| 16 |
$10,826,686 |
$3,966,204
$648,518 |
$6,211,964 |
| 17 |
$11,367,830 |
$4,166,427
$680,933 |
$6,520,470 |
| 18 |
$11,936,308 |
$4,376,764
$714,985 |
$6,844,559 |
| 19 |
$12,533,158 |
$4,597,599
$750,736 |
$7,184,823 |
| 20 |
$13,159,764 |
$4,829,443
$788,270 |
$7,542,051 |
| 21 |
$13,817,856 |
$5,072,937
$827,690 |
$7,917,229 |
| 22 |
$14,508,818 |
$5,328,593
$869,078 |
$8,311,147 |
| 23 |
$15,234,034 |
$5,596,923
$912,519 |
$8,724,592 |
| 24 |
$15,995,926 |
$5,878,823
$958,156 |
$9,158,947 |
| 25 |
$16,795,532 |
$6,174,677
$1,006,052 |
$9,614,803 |
| 26 |
$17,635,620 |
$6,485,510
$1,056,374 |
$10,093,736 |
| 27 |
$18,517,228 |
$6,811,705
$1,109,182 |
$10,596,341 |
| 28 |
$19,443,124 |
$7,154,286
$1,164,643 |
$11,124,195 |
| 29 |
$20,415,384 |
$7,514,022
$1,222,882 |
$11,678,480 |
| 30 |
$21,436,084 |
$7,891,681
$1,284,021 |
$12,260,382 |
|
|
