The jackpot for the Powerball draw on Sat Jul 26, 2025, is projected to be $350 Million, with an option for a cash payout of $156.5 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Sat Jul 26, 2025 |
|---|
| Draw Date | Sat Jul 26, 2025 | | Projected Jackpot | $350,000,000 | | Cash Value | $156,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,500,000 | | Federal Tax(24%) | $37,560,000 | | Additional Federal Tax | $20,305,330 | | State Tax(5.99%) | $9,374,350 | | Net Lumpsum Payment | $89,260,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,267,850 |
$1,909,435
$315,544 |
$3,042,871 |
| 2 |
$5,531,400 |
$2,006,948
$331,331 |
$3,193,121 |
| 3 |
$5,807,900 |
$2,109,253
$347,893 |
$3,350,754 |
| 4 |
$6,098,400 |
$2,216,738
$365,294 |
$3,516,368 |
| 5 |
$6,403,250 |
$2,329,533
$383,555 |
$3,690,162 |
| 6 |
$6,723,500 |
$2,448,025
$402,738 |
$3,872,737 |
| 7 |
$7,059,500 |
$2,572,345
$422,864 |
$4,064,291 |
| 8 |
$7,412,650 |
$2,703,011
$444,018 |
$4,265,621 |
| 9 |
$7,783,300 |
$2,840,151
$466,220 |
$4,476,929 |
| 10 |
$8,172,500 |
$2,984,155
$489,533 |
$4,698,812 |
| 11 |
$8,580,950 |
$3,135,282
$513,999 |
$4,931,669 |
| 12 |
$9,010,050 |
$3,294,049
$539,702 |
$5,176,299 |
| 13 |
$9,460,500 |
$3,460,715
$566,684 |
$5,433,101 |
| 14 |
$9,933,700 |
$3,635,799
$595,029 |
$5,702,872 |
| 15 |
$10,430,350 |
$3,819,560
$624,778 |
$5,986,012 |
| 16 |
$10,951,850 |
$4,012,515
$656,016 |
$6,283,319 |
| 17 |
$11,499,250 |
$4,215,053
$688,805 |
$6,595,392 |
| 18 |
$12,074,300 |
$4,427,821
$723,251 |
$6,923,228 |
| 19 |
$12,678,050 |
$4,651,209
$759,415 |
$7,267,426 |
| 20 |
$13,311,900 |
$4,885,733
$797,383 |
$7,628,784 |
| 21 |
$13,977,600 |
$5,132,042
$837,258 |
$8,008,300 |
| 22 |
$14,676,550 |
$5,390,654
$879,125 |
$8,406,771 |
| 23 |
$15,410,150 |
$5,662,086
$923,068 |
$8,824,996 |
| 24 |
$16,180,850 |
$5,947,245
$969,233 |
$9,264,372 |
| 25 |
$16,989,700 |
$6,246,519
$1,017,683 |
$9,725,498 |
| 26 |
$17,839,500 |
$6,560,945
$1,068,586 |
$10,209,969 |
| 27 |
$18,731,300 |
$6,890,911
$1,122,005 |
$10,718,384 |
| 28 |
$19,667,900 |
$7,237,453
$1,178,107 |
$11,252,340 |
| 29 |
$20,651,400 |
$7,601,348
$1,237,019 |
$11,813,033 |
| 30 |
$21,683,900 |
$7,983,373
$1,298,866 |
$12,401,661 |
|
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