The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(5.99%) | $4,127,110 | | Net Lumpsum Payment | $39,319,560 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$144,249 |
$1,412,561 |
| 2 |
$2,528,640 |
$895,927
$151,466 |
$1,481,247 |
| 3 |
$2,655,040 |
$942,695
$159,037 |
$1,553,308 |
| 4 |
$2,787,840 |
$991,831
$166,992 |
$1,629,017 |
| 5 |
$2,927,200 |
$1,043,394
$175,339 |
$1,708,467 |
| 6 |
$3,073,600 |
$1,097,562
$184,109 |
$1,791,929 |
| 7 |
$3,227,200 |
$1,154,394
$193,309 |
$1,879,497 |
| 8 |
$3,388,640 |
$1,214,127
$202,980 |
$1,971,533 |
| 9 |
$3,558,080 |
$1,276,820
$213,129 |
$2,068,131 |
| 10 |
$3,736,000 |
$1,342,650
$223,786 |
$2,169,564 |
| 11 |
$3,922,720 |
$1,411,737
$234,971 |
$2,276,012 |
| 12 |
$4,118,880 |
$1,484,316
$246,721 |
$2,387,843 |
| 13 |
$4,324,800 |
$1,560,506
$259,056 |
$2,505,238 |
| 14 |
$4,541,120 |
$1,640,545
$272,013 |
$2,628,562 |
| 15 |
$4,768,160 |
$1,724,550
$285,613 |
$2,757,997 |
| 16 |
$5,006,560 |
$1,812,758
$299,893 |
$2,893,909 |
| 17 |
$5,256,800 |
$1,905,346
$314,882 |
$3,036,572 |
| 18 |
$5,519,680 |
$2,002,612
$330,629 |
$3,186,439 |
| 19 |
$5,795,680 |
$2,104,732
$347,161 |
$3,343,787 |
| 20 |
$6,085,440 |
$2,211,943
$364,518 |
$3,508,979 |
| 21 |
$6,389,760 |
$2,324,542
$382,747 |
$3,682,471 |
| 22 |
$6,709,280 |
$2,442,764
$401,886 |
$3,864,630 |
| 23 |
$7,044,640 |
$2,566,847
$421,974 |
$4,055,819 |
| 24 |
$7,396,960 |
$2,697,206
$443,078 |
$4,256,676 |
| 25 |
$7,766,720 |
$2,834,017
$465,227 |
$4,467,476 |
| 26 |
$8,155,200 |
$2,977,754
$488,496 |
$4,688,950 |
| 27 |
$8,562,880 |
$3,128,596
$512,917 |
$4,921,367 |
| 28 |
$8,991,040 |
$3,287,015
$538,563 |
$5,165,462 |
| 29 |
$9,440,640 |
$3,453,367
$565,494 |
$5,421,779 |
| 30 |
$9,912,640 |
$3,628,007
$593,767 |
$5,690,866 |
|
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