The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 Aug 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(5.99%) | $15,502,120 | | Net Lumpsum Payment | $147,581,550 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$509,379 |
$4,887,694 |
| 2 |
$8,929,260 |
$3,264,157
$534,863 |
$5,130,240 |
| 3 |
$9,375,610 |
$3,429,306
$561,599 |
$5,384,705 |
| 4 |
$9,844,560 |
$3,602,818
$589,689 |
$5,652,053 |
| 5 |
$10,336,675 |
$3,784,900
$619,167 |
$5,932,608 |
| 6 |
$10,853,650 |
$3,976,181
$650,134 |
$6,227,335 |
| 7 |
$11,396,050 |
$4,176,869
$682,623 |
$6,536,558 |
| 8 |
$11,966,135 |
$4,387,800
$716,771 |
$6,861,564 |
| 9 |
$12,564,470 |
$4,609,184
$752,612 |
$7,202,674 |
| 10 |
$13,192,750 |
$4,841,648
$790,246 |
$7,560,856 |
| 11 |
$13,852,105 |
$5,085,609
$829,741 |
$7,936,755 |
| 12 |
$14,544,795 |
$5,341,905
$871,233 |
$8,331,657 |
| 13 |
$15,271,950 |
$5,610,952
$914,790 |
$8,746,208 |
| 14 |
$16,035,830 |
$5,893,587
$960,546 |
$9,181,697 |
| 15 |
$16,837,565 |
$6,190,229
$1,008,570 |
$9,638,766 |
| 16 |
$17,679,415 |
$6,501,714
$1,058,997 |
$10,118,704 |
| 17 |
$18,563,075 |
$6,828,668
$1,111,928 |
$10,622,479 |
| 18 |
$19,491,370 |
$7,172,137
$1,167,533 |
$11,151,700 |
| 19 |
$20,465,995 |
$7,532,749
$1,225,913 |
$11,707,333 |
| 20 |
$21,489,210 |
$7,911,338
$1,287,204 |
$12,290,668 |
| 21 |
$22,563,840 |
$8,308,951
$1,351,574 |
$12,903,315 |
| 22 |
$23,692,145 |
$8,726,424
$1,419,159 |
$13,546,562 |
| 23 |
$24,876,385 |
$9,164,593
$1,490,095 |
$14,221,697 |
| 24 |
$26,120,515 |
$9,624,921
$1,564,619 |
$14,930,975 |
| 25 |
$27,426,230 |
$10,108,035
$1,642,831 |
$15,675,364 |
| 26 |
$28,798,050 |
$10,615,609
$1,725,003 |
$16,457,438 |
| 27 |
$30,237,670 |
$11,148,268
$1,811,236 |
$17,278,166 |
| 28 |
$31,749,610 |
$11,707,686
$1,901,802 |
$18,140,122 |
| 29 |
$33,337,260 |
$12,295,117
$1,996,902 |
$19,045,241 |
| 30 |
$35,004,010 |
$12,911,814
$2,096,740 |
$19,995,456 |
|
|
