The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Fri Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(5.99%) | $17,568,670 | | Net Lumpsum Payment | $167,250,000 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$605,845 |
$5,805,816 |
| 2 |
$10,620,288 |
$3,889,837
$636,155 |
$6,094,296 |
| 3 |
$11,151,168 |
$4,086,263
$667,955 |
$6,396,950 |
| 4 |
$11,708,928 |
$4,292,634
$701,365 |
$6,714,929 |
| 5 |
$12,294,240 |
$4,509,199
$736,425 |
$7,048,616 |
| 6 |
$12,909,120 |
$4,736,705
$773,256 |
$7,399,159 |
| 7 |
$13,554,240 |
$4,975,399
$811,899 |
$7,766,942 |
| 8 |
$14,232,288 |
$5,226,277
$852,514 |
$8,153,497 |
| 9 |
$14,943,936 |
$5,489,587
$895,142 |
$8,559,207 |
| 10 |
$15,691,200 |
$5,766,074
$939,903 |
$8,985,223 |
| 11 |
$16,475,424 |
$6,056,237
$986,878 |
$9,432,309 |
| 12 |
$17,299,296 |
$6,361,070
$1,036,228 |
$9,901,998 |
| 13 |
$18,164,160 |
$6,681,070
$1,088,033 |
$10,395,057 |
| 14 |
$19,072,704 |
$7,017,231
$1,142,455 |
$10,913,018 |
| 15 |
$20,026,272 |
$7,370,051
$1,199,574 |
$11,456,647 |
| 16 |
$21,027,552 |
$7,740,525
$1,259,550 |
$12,027,477 |
| 17 |
$22,078,560 |
$8,129,398
$1,322,506 |
$12,626,656 |
| 18 |
$23,182,656 |
$8,537,913
$1,388,641 |
$13,256,102 |
| 19 |
$24,341,856 |
$8,966,817
$1,458,077 |
$13,916,962 |
| 20 |
$25,558,848 |
$9,417,104
$1,530,975 |
$14,610,769 |
| 21 |
$26,836,992 |
$9,890,017
$1,607,536 |
$15,339,439 |
| 22 |
$28,178,976 |
$10,386,552
$1,687,921 |
$16,104,503 |
| 23 |
$29,587,488 |
$10,907,701
$1,772,291 |
$16,907,496 |
| 24 |
$31,067,232 |
$11,455,206
$1,860,927 |
$17,751,099 |
| 25 |
$32,620,224 |
$12,029,813
$1,953,951 |
$18,636,460 |
| 26 |
$34,251,840 |
$12,633,511
$2,051,685 |
$19,566,644 |
| 27 |
$35,964,096 |
$13,267,046
$2,154,249 |
$20,542,801 |
| 28 |
$37,762,368 |
$13,932,407
$2,261,966 |
$21,567,995 |
| 29 |
$39,650,688 |
$14,631,085
$2,375,076 |
$22,644,527 |
| 30 |
$41,633,088 |
$15,364,573
$2,493,822 |
$23,774,693 |
|
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