The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(5.99%) | $10,793,980 | | Net Lumpsum Payment | $102,771,690 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$357,016 |
$3,437,577 |
| 2 |
$6,258,384 |
$2,275,932
$374,877 |
$3,607,575 |
| 3 |
$6,571,224 |
$2,391,683
$393,616 |
$3,785,925 |
| 4 |
$6,899,904 |
$2,513,295
$413,304 |
$3,973,305 |
| 5 |
$7,244,820 |
$2,640,914
$433,965 |
$4,169,941 |
| 6 |
$7,607,160 |
$2,774,980
$455,669 |
$4,376,511 |
| 7 |
$7,987,320 |
$2,915,639
$478,440 |
$4,593,241 |
| 8 |
$8,386,884 |
$3,063,477
$502,374 |
$4,821,033 |
| 9 |
$8,806,248 |
$3,218,642
$527,494 |
$5,060,112 |
| 10 |
$9,246,600 |
$3,381,572
$553,871 |
$5,311,157 |
| 11 |
$9,708,732 |
$3,552,561
$581,553 |
$5,574,618 |
| 12 |
$10,194,228 |
$3,732,195
$610,634 |
$5,851,399 |
| 13 |
$10,703,880 |
$3,920,766
$641,162 |
$6,141,952 |
| 14 |
$11,239,272 |
$4,118,861
$673,232 |
$6,447,179 |
| 15 |
$11,801,196 |
$4,326,773
$706,892 |
$6,767,531 |
| 16 |
$12,391,236 |
$4,545,088
$742,235 |
$7,103,913 |
| 17 |
$13,010,580 |
$4,774,245
$779,334 |
$7,457,001 |
| 18 |
$13,661,208 |
$5,014,977
$818,306 |
$7,827,925 |
| 19 |
$14,344,308 |
$5,267,724
$859,224 |
$8,217,360 |
| 20 |
$15,061,464 |
$5,533,072
$902,182 |
$8,626,210 |
| 21 |
$15,814,656 |
$5,811,753
$947,298 |
$9,055,605 |
| 22 |
$16,605,468 |
$6,104,354
$994,668 |
$9,506,446 |
| 23 |
$17,435,484 |
$6,411,459
$1,044,385 |
$9,979,640 |
| 24 |
$18,307,476 |
$6,734,097
$1,096,618 |
$10,476,761 |
| 25 |
$19,222,632 |
$7,072,704
$1,151,436 |
$10,998,492 |
| 26 |
$20,184,120 |
$7,428,455
$1,209,029 |
$11,546,636 |
| 27 |
$21,193,128 |
$7,801,788
$1,269,468 |
$12,121,872 |
| 28 |
$22,252,824 |
$8,193,875
$1,332,944 |
$12,726,005 |
| 29 |
$23,365,584 |
$8,605,596
$1,399,598 |
$13,360,390 |
| 30 |
$24,533,784 |
$9,037,830
$1,469,574 |
$14,026,380 |
|
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