The jackpot for the MEGA Millions draw on Fri Oct 30, 2026, is projected to be $463 Million, with an option for a cash payout of $194.9 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 Fri Oct 30, 2026 |
|---|
| Draw Date | Fri Oct 30, 2026 | | Projected Jackpot | $463,000,000 | | Cash Value | $194,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,900,000 | | Federal Tax(24%) | $46,776,000 | | Additional Federal Tax | $25,297,330 | | State Tax(5.99%) | $11,674,510 | | Net Lumpsum Payment | $111,152,160 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,968,613 |
$2,538,717
$417,420 |
$4,012,476 |
| 2 |
$7,317,252 |
$2,667,714
$438,303 |
$4,211,235 |
| 3 |
$7,683,022 |
$2,803,049
$460,213 |
$4,419,760 |
| 4 |
$8,067,312 |
$2,945,236
$483,232 |
$4,638,844 |
| 5 |
$8,470,585 |
$3,094,447
$507,388 |
$4,868,750 |
| 6 |
$8,894,230 |
$3,251,195
$532,764 |
$5,110,271 |
| 7 |
$9,338,710 |
$3,415,653
$559,389 |
$5,363,668 |
| 8 |
$9,805,877 |
$3,588,505
$587,372 |
$5,630,000 |
| 9 |
$10,296,194 |
$3,769,922
$616,742 |
$5,909,530 |
| 10 |
$10,811,050 |
$3,960,419
$647,582 |
$6,203,049 |
| 11 |
$11,351,371 |
$4,160,338
$679,947 |
$6,511,086 |
| 12 |
$11,919,009 |
$4,370,364
$713,949 |
$6,834,696 |
| 13 |
$12,514,890 |
$4,590,840
$749,642 |
$7,174,408 |
| 14 |
$13,140,866 |
$4,822,451
$787,138 |
$7,531,277 |
| 15 |
$13,797,863 |
$5,065,540
$826,492 |
$7,905,831 |
| 16 |
$14,487,733 |
$5,320,792
$867,815 |
$8,299,126 |
| 17 |
$15,211,865 |
$5,588,720
$911,191 |
$8,711,954 |
| 18 |
$15,972,574 |
$5,870,183
$956,757 |
$9,145,634 |
| 19 |
$16,771,249 |
$6,165,693
$1,004,598 |
$9,600,958 |
| 20 |
$17,609,742 |
$6,475,935
$1,054,824 |
$10,078,983 |
| 21 |
$18,490,368 |
$6,801,767
$1,107,573 |
$10,581,028 |
| 22 |
$19,414,979 |
$7,143,873
$1,162,957 |
$11,108,149 |
| 23 |
$20,385,427 |
$7,502,938
$1,221,087 |
$11,661,402 |
| 24 |
$21,404,953 |
$7,880,163
$1,282,157 |
$12,242,633 |
| 25 |
$22,474,946 |
$8,276,060
$1,346,249 |
$12,852,637 |
| 26 |
$23,599,110 |
$8,692,001
$1,413,587 |
$13,493,522 |
| 27 |
$24,778,834 |
$9,128,499
$1,484,252 |
$14,166,083 |
| 28 |
$26,017,822 |
$9,586,925
$1,558,468 |
$14,872,429 |
| 29 |
$27,318,852 |
$10,068,306
$1,636,399 |
$15,614,147 |
| 30 |
$28,684,702 |
$10,573,670
$1,718,214 |
$16,392,818 |
|
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