The jackpot for the MEGA Millions draw on Tue Apr 21, 2026, is projected to be $140 Million, with an option for a cash payout of $62.8 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 Apr 21, 2026 |
|---|
| Draw Date | Tue Apr 21, 2026 | | Projected Jackpot | $140,000,000 | | Cash Value | $62,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,800,000 | | Federal Tax(24%) | $15,072,000 | | Additional Federal Tax | $8,124,330 | | State Tax(5.99%) | $3,761,720 | | Net Lumpsum Payment | $35,841,950 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$126,218 |
$1,240,950 |
| 2 |
$2,212,560 |
$778,978
$132,532 |
$1,301,050 |
| 3 |
$2,323,160 |
$819,900
$139,157 |
$1,364,103 |
| 4 |
$2,439,360 |
$862,894
$146,118 |
$1,430,348 |
| 5 |
$2,561,300 |
$908,011
$153,422 |
$1,499,867 |
| 6 |
$2,689,400 |
$955,408
$161,095 |
$1,572,897 |
| 7 |
$2,823,800 |
$1,005,136
$169,146 |
$1,649,518 |
| 8 |
$2,965,060 |
$1,057,403
$177,607 |
$1,730,050 |
| 9 |
$3,113,320 |
$1,112,259
$186,488 |
$1,814,573 |
| 10 |
$3,269,000 |
$1,169,860
$195,813 |
$1,903,327 |
| 11 |
$3,432,380 |
$1,230,311
$205,600 |
$1,996,469 |
| 12 |
$3,604,020 |
$1,293,818
$215,881 |
$2,094,321 |
| 13 |
$3,784,200 |
$1,360,484
$226,674 |
$2,197,042 |
| 14 |
$3,973,480 |
$1,430,518
$238,011 |
$2,304,951 |
| 15 |
$4,172,140 |
$1,504,022
$249,911 |
$2,418,207 |
| 16 |
$4,380,740 |
$1,581,204
$262,406 |
$2,537,130 |
| 17 |
$4,599,700 |
$1,662,219
$275,522 |
$2,661,959 |
| 18 |
$4,829,720 |
$1,747,327
$289,300 |
$2,793,093 |
| 19 |
$5,071,220 |
$1,836,682
$303,766 |
$2,930,772 |
| 20 |
$5,324,760 |
$1,930,492
$318,953 |
$3,075,315 |
| 21 |
$5,591,040 |
$2,029,015
$334,903 |
$3,227,122 |
| 22 |
$5,870,620 |
$2,132,460
$351,650 |
$3,386,510 |
| 23 |
$6,164,060 |
$2,241,033
$369,227 |
$3,553,800 |
| 24 |
$6,472,340 |
$2,355,096
$387,693 |
$3,729,551 |
| 25 |
$6,795,880 |
$2,474,806
$407,073 |
$3,914,001 |
| 26 |
$7,135,800 |
$2,600,576
$427,434 |
$4,107,790 |
| 27 |
$7,492,520 |
$2,732,563
$448,802 |
$4,311,155 |
| 28 |
$7,867,160 |
$2,871,180
$471,243 |
$4,524,737 |
| 29 |
$8,260,560 |
$3,016,738
$494,808 |
$4,749,014 |
| 30 |
$8,673,560 |
$3,169,548
$519,546 |
$4,984,466 |
|
|
