The jackpot for the MEGA Millions draw on Tue Oct 14, 2025, is projected to be $600 Million, with an option for a cash payout of $277.2 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 Oct 14, 2025 |
|---|
| Draw Date | Tue Oct 14, 2025 | | Projected Jackpot | $600,000,000 | | Cash Value | $277,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $277,200,000 | | Federal Tax(24%) | $66,528,000 | | Additional Federal Tax | $35,996,330 | | State Tax(5.99%) | $16,604,280 | | Net Lumpsum Payment | $158,071,390 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,030,600 |
$3,301,652
$540,933 |
$5,188,015 |
| 2 |
$9,482,400 |
$3,468,818
$567,996 |
$5,445,586 |
| 3 |
$9,956,400 |
$3,644,198
$596,388 |
$5,715,814 |
| 4 |
$10,454,400 |
$3,828,458
$626,219 |
$5,999,723 |
| 5 |
$10,977,000 |
$4,021,820
$657,522 |
$6,297,658 |
| 6 |
$11,526,000 |
$4,224,950
$690,407 |
$6,610,643 |
| 7 |
$12,102,000 |
$4,438,070
$724,910 |
$6,939,020 |
| 8 |
$12,707,400 |
$4,662,068
$761,173 |
$7,284,159 |
| 9 |
$13,342,800 |
$4,897,166
$799,234 |
$7,646,400 |
| 10 |
$14,010,000 |
$5,144,030
$839,199 |
$8,026,771 |
| 11 |
$14,710,200 |
$5,403,104
$881,141 |
$8,425,955 |
| 12 |
$15,445,800 |
$5,675,276
$925,203 |
$8,845,321 |
| 13 |
$16,218,000 |
$5,960,990
$971,458 |
$9,285,552 |
| 14 |
$17,029,200 |
$6,261,134
$1,020,049 |
$9,748,017 |
| 15 |
$17,880,600 |
$6,576,152
$1,071,048 |
$10,233,400 |
| 16 |
$18,774,600 |
$6,906,932
$1,124,599 |
$10,743,069 |
| 17 |
$19,713,000 |
$7,254,140
$1,180,809 |
$11,278,051 |
| 18 |
$20,698,800 |
$7,618,886
$1,239,858 |
$11,840,056 |
| 19 |
$21,733,800 |
$8,001,836
$1,301,855 |
$12,430,109 |
| 20 |
$22,820,400 |
$8,403,878
$1,366,942 |
$13,049,580 |
| 21 |
$23,961,600 |
$8,826,122
$1,435,300 |
$13,700,178 |
| 22 |
$25,159,800 |
$9,269,456
$1,507,072 |
$14,383,272 |
| 23 |
$26,417,400 |
$9,734,768
$1,582,402 |
$15,100,230 |
| 24 |
$27,738,600 |
$10,223,612
$1,661,542 |
$15,853,446 |
| 25 |
$29,125,200 |
$10,736,654
$1,744,599 |
$16,643,947 |
| 26 |
$30,582,000 |
$11,275,670
$1,831,862 |
$17,474,468 |
| 27 |
$32,110,800 |
$11,841,326
$1,923,437 |
$18,346,037 |
| 28 |
$33,716,400 |
$12,435,398
$2,019,612 |
$19,261,390 |
| 29 |
$35,402,400 |
$13,059,218
$2,120,604 |
$20,222,578 |
| 30 |
$37,172,400 |
$13,714,118
$2,226,627 |
$21,231,655 |
|
|
