The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(5.99%) | $6,888,500 | | Net Lumpsum Payment | $65,601,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$232,601 |
$2,253,458 |
| 2 |
$4,077,432 |
$1,468,980
$244,238 |
$2,364,214 |
| 3 |
$4,281,252 |
$1,544,394
$256,447 |
$2,480,411 |
| 4 |
$4,495,392 |
$1,623,625
$269,274 |
$2,602,493 |
| 5 |
$4,720,110 |
$1,706,771
$282,735 |
$2,730,604 |
| 6 |
$4,956,180 |
$1,794,117
$296,875 |
$2,865,188 |
| 7 |
$5,203,860 |
$1,885,759
$311,711 |
$3,006,390 |
| 8 |
$5,464,182 |
$1,982,078
$327,305 |
$3,154,799 |
| 9 |
$5,737,404 |
$2,083,170
$343,670 |
$3,310,564 |
| 10 |
$6,024,300 |
$2,189,321
$360,856 |
$3,474,123 |
| 11 |
$6,325,386 |
$2,300,723
$378,891 |
$3,645,772 |
| 12 |
$6,641,694 |
$2,417,757
$397,837 |
$3,826,100 |
| 13 |
$6,973,740 |
$2,540,614
$417,727 |
$4,015,399 |
| 14 |
$7,322,556 |
$2,669,676
$438,621 |
$4,214,259 |
| 15 |
$7,688,658 |
$2,805,134
$460,551 |
$4,422,973 |
| 16 |
$8,073,078 |
$2,947,369
$483,577 |
$4,642,132 |
| 17 |
$8,476,590 |
$3,096,669
$507,748 |
$4,872,173 |
| 18 |
$8,900,484 |
$3,253,509
$533,139 |
$5,113,836 |
| 19 |
$9,345,534 |
$3,418,178
$559,797 |
$5,367,559 |
| 20 |
$9,812,772 |
$3,591,056
$587,785 |
$5,633,931 |
| 21 |
$10,303,488 |
$3,772,621
$617,179 |
$5,913,688 |
| 22 |
$10,818,714 |
$3,963,255
$648,041 |
$6,207,418 |
| 23 |
$11,359,482 |
$4,163,339
$680,433 |
$6,515,710 |
| 24 |
$11,927,598 |
$4,373,542
$714,463 |
$6,839,593 |
| 25 |
$12,523,836 |
$4,594,150
$750,178 |
$7,179,508 |
| 26 |
$13,150,260 |
$4,825,927
$787,701 |
$7,536,632 |
| 27 |
$13,807,644 |
$5,069,159
$827,078 |
$7,911,407 |
| 28 |
$14,498,052 |
$5,324,610
$868,433 |
$8,305,009 |
| 29 |
$15,223,032 |
$5,592,852
$911,860 |
$8,718,320 |
| 30 |
$15,984,132 |
$5,874,459
$957,450 |
$9,152,223 |
|
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