The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 Million. Should you be the lucky winner of the MEGA Millions 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 MEGA Millions Jackpot/Cash Option for Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(5.99%) | $8,170,360 | | Net Lumpsum Payment | $77,801,310 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$280,384 |
$2,708,228 |
| 2 |
$4,915,044 |
$1,778,897
$294,411 |
$2,841,736 |
| 3 |
$5,160,734 |
$1,869,802
$309,128 |
$2,981,804 |
| 4 |
$5,418,864 |
$1,965,310
$324,590 |
$3,128,964 |
| 5 |
$5,689,745 |
$2,065,536
$340,816 |
$3,283,393 |
| 6 |
$5,974,310 |
$2,170,825
$357,861 |
$3,445,624 |
| 7 |
$6,272,870 |
$2,281,292
$375,745 |
$3,615,833 |
| 8 |
$6,586,669 |
$2,397,398
$394,541 |
$3,794,730 |
| 9 |
$6,916,018 |
$2,519,257
$414,269 |
$3,982,492 |
| 10 |
$7,261,850 |
$2,647,215
$434,985 |
$4,179,650 |
| 11 |
$7,624,787 |
$2,781,502
$456,725 |
$4,386,560 |
| 12 |
$8,006,073 |
$2,922,577
$479,564 |
$4,603,932 |
| 13 |
$8,406,330 |
$3,070,672
$503,539 |
$4,832,119 |
| 14 |
$8,826,802 |
$3,226,247
$528,725 |
$5,071,830 |
| 15 |
$9,268,111 |
$3,389,531
$555,160 |
$5,323,420 |
| 16 |
$9,731,501 |
$3,560,986
$582,917 |
$5,587,598 |
| 17 |
$10,217,905 |
$3,740,955
$612,053 |
$5,864,897 |
| 18 |
$10,728,878 |
$3,930,015
$642,660 |
$6,156,203 |
| 19 |
$11,265,353 |
$4,128,511
$674,795 |
$6,462,047 |
| 20 |
$11,828,574 |
$4,336,903
$708,532 |
$6,783,139 |
| 21 |
$12,420,096 |
$4,555,766
$743,964 |
$7,120,366 |
| 22 |
$13,041,163 |
$4,785,561
$781,166 |
$7,474,436 |
| 23 |
$13,693,019 |
$5,026,747
$820,212 |
$7,846,060 |
| 24 |
$14,377,841 |
$5,280,132
$861,233 |
$8,236,476 |
| 25 |
$15,096,562 |
$5,546,058
$904,284 |
$8,646,220 |
| 26 |
$15,851,670 |
$5,825,448
$949,515 |
$9,076,707 |
| 27 |
$16,644,098 |
$6,118,647
$996,981 |
$9,528,470 |
| 28 |
$17,476,334 |
$6,426,574
$1,046,832 |
$10,002,928 |
| 29 |
$18,350,244 |
$6,749,921
$1,099,180 |
$10,501,143 |
| 30 |
$19,267,694 |
$7,089,377
$1,154,135 |
$11,024,182 |
|
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