The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 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 Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(5.99%) | $14,627,580 | | Net Lumpsum Payment | $139,258,090 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$480,529 |
$4,613,116 |
| 2 |
$8,423,532 |
$3,077,037
$504,570 |
$4,841,925 |
| 3 |
$8,844,602 |
$3,232,833
$529,792 |
$5,081,977 |
| 4 |
$9,286,992 |
$3,396,517
$556,291 |
$5,334,184 |
| 5 |
$9,751,235 |
$3,568,287
$584,099 |
$5,598,849 |
| 6 |
$10,238,930 |
$3,748,734
$613,312 |
$5,876,884 |
| 7 |
$10,750,610 |
$3,938,056
$643,962 |
$6,168,592 |
| 8 |
$11,288,407 |
$4,137,041
$676,176 |
$6,475,190 |
| 9 |
$11,852,854 |
$4,345,886
$709,986 |
$6,796,982 |
| 10 |
$12,445,550 |
$4,565,184
$745,488 |
$7,134,878 |
| 11 |
$13,067,561 |
$4,795,328
$782,747 |
$7,489,486 |
| 12 |
$13,721,019 |
$5,037,107
$821,889 |
$7,862,023 |
| 13 |
$14,406,990 |
$5,290,917
$862,979 |
$8,253,094 |
| 14 |
$15,127,606 |
$5,557,545
$906,144 |
$8,663,917 |
| 15 |
$15,883,933 |
$5,837,386
$951,448 |
$9,095,099 |
| 16 |
$16,678,103 |
$6,131,228
$999,018 |
$9,547,857 |
| 17 |
$17,511,715 |
$6,439,665
$1,048,952 |
$10,023,098 |
| 18 |
$18,387,434 |
$6,763,681
$1,101,407 |
$10,522,346 |
| 19 |
$19,306,859 |
$7,103,868
$1,156,481 |
$11,046,510 |
| 20 |
$20,272,122 |
$7,461,016
$1,214,300 |
$11,596,806 |
| 21 |
$21,285,888 |
$7,836,109
$1,275,025 |
$12,174,754 |
| 22 |
$22,350,289 |
$8,229,937
$1,338,782 |
$12,781,570 |
| 23 |
$23,467,457 |
$8,643,289
$1,405,701 |
$13,418,467 |
| 24 |
$24,641,123 |
$9,077,546
$1,476,003 |
$14,087,574 |
| 25 |
$25,872,886 |
$9,533,298
$1,549,786 |
$14,789,802 |
| 26 |
$27,167,010 |
$10,012,124
$1,627,304 |
$15,527,582 |
| 27 |
$28,525,094 |
$10,514,615
$1,708,653 |
$16,301,826 |
| 28 |
$29,951,402 |
$11,042,349
$1,794,089 |
$17,114,964 |
| 29 |
$31,449,132 |
$11,596,509
$1,883,803 |
$17,968,820 |
| 30 |
$33,021,482 |
$12,178,279
$1,977,987 |
$18,865,216 |
|
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