The jackpot for the Powerball draw on Mon Jan 19, 2026, is projected to be $193 Million, with an option for a cash payout of $87.9 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 Mon Jan 19, 2026 |
|---|
| Draw Date | Mon Jan 19, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $87,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,900,000 | | Federal Tax(24%) | $21,096,000 | | Additional Federal Tax | $11,387,330 | | State Tax(5.99%) | $5,265,210 | | Net Lumpsum Payment | $50,151,460 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$174,000 |
$1,695,721 |
| 2 |
$3,050,172 |
$1,088,894
$182,705 |
$1,778,573 |
| 3 |
$3,202,642 |
$1,145,308
$191,838 |
$1,865,496 |
| 4 |
$3,362,832 |
$1,204,578
$201,434 |
$1,956,820 |
| 5 |
$3,530,935 |
$1,266,776
$211,503 |
$2,052,656 |
| 6 |
$3,707,530 |
$1,332,116
$222,081 |
$2,153,333 |
| 7 |
$3,892,810 |
$1,400,670
$233,179 |
$2,258,961 |
| 8 |
$4,087,547 |
$1,472,723
$244,844 |
$2,369,980 |
| 9 |
$4,291,934 |
$1,548,346
$257,087 |
$2,486,501 |
| 10 |
$4,506,550 |
$1,627,754
$269,942 |
$2,608,854 |
| 11 |
$4,731,781 |
$1,711,089
$283,434 |
$2,737,258 |
| 12 |
$4,968,399 |
$1,798,638
$297,607 |
$2,872,154 |
| 13 |
$5,216,790 |
$1,890,543
$312,486 |
$3,013,761 |
| 14 |
$5,477,726 |
$1,987,089
$328,116 |
$3,162,521 |
| 15 |
$5,751,593 |
$2,088,420
$344,520 |
$3,318,653 |
| 16 |
$6,039,163 |
$2,194,821
$361,746 |
$3,482,596 |
| 17 |
$6,341,015 |
$2,306,506
$379,827 |
$3,654,682 |
| 18 |
$6,658,114 |
$2,423,833
$398,821 |
$3,835,460 |
| 19 |
$6,991,039 |
$2,547,015
$418,763 |
$4,025,261 |
| 20 |
$7,340,562 |
$2,676,338
$439,700 |
$4,224,524 |
| 21 |
$7,707,648 |
$2,812,160
$461,688 |
$4,433,800 |
| 22 |
$8,093,069 |
$2,954,766
$484,775 |
$4,653,528 |
| 23 |
$8,497,597 |
$3,104,441
$509,006 |
$4,884,150 |
| 24 |
$8,922,583 |
$3,261,686
$534,463 |
$5,126,434 |
| 25 |
$9,368,606 |
$3,426,715
$561,179 |
$5,380,712 |
| 26 |
$9,837,210 |
$3,600,098
$589,249 |
$5,647,863 |
| 27 |
$10,328,974 |
$3,782,051
$618,706 |
$5,928,217 |
| 28 |
$10,845,442 |
$3,973,144
$649,642 |
$6,222,656 |
| 29 |
$11,387,772 |
$4,173,806
$682,128 |
$6,531,838 |
| 30 |
$11,957,122 |
$4,384,466
$716,232 |
$6,856,424 |
|
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