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 |
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Draw Date | Sat Jul 26, 2025 | Projected Jackpot | $350,000,000 | Cash Value | $156,500,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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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