The jackpot for the MEGA Millions draw on Tue Mar 3, 2026, is projected to be $473 Million, with an option for a cash payout of $221.8 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 Mar 3, 2026 |
|---|
| Draw Date | Tue Mar 3, 2026 | | Projected Jackpot | $473,000,000 | | Cash Value | $221,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,800,000 | | Federal Tax(24%) | $53,232,000 | | Additional Federal Tax | $28,794,330 | | State Tax(5.99%) | $13,285,820 | | Net Lumpsum Payment | $126,487,850 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,119,123 |
$2,594,406
$426,435 |
$4,098,282 |
| 2 |
$7,475,292 |
$2,726,188
$447,770 |
$4,301,334 |
| 3 |
$7,848,962 |
$2,864,446
$470,153 |
$4,514,363 |
| 4 |
$8,241,552 |
$3,009,705
$493,669 |
$4,738,178 |
| 5 |
$8,653,535 |
$3,162,138
$518,347 |
$4,973,050 |
| 6 |
$9,086,330 |
$3,322,272
$544,271 |
$5,219,787 |
| 7 |
$9,540,410 |
$3,490,282
$571,471 |
$5,478,657 |
| 8 |
$10,017,667 |
$3,666,867
$600,058 |
$5,750,742 |
| 9 |
$10,518,574 |
$3,852,203
$630,063 |
$6,036,308 |
| 10 |
$11,044,550 |
$4,046,814
$661,569 |
$6,336,167 |
| 11 |
$11,596,541 |
$4,251,051
$694,633 |
$6,650,857 |
| 12 |
$12,176,439 |
$4,465,613
$729,369 |
$6,981,457 |
| 13 |
$12,785,190 |
$4,690,851
$765,833 |
$7,328,506 |
| 14 |
$13,424,686 |
$4,927,464
$804,139 |
$7,693,083 |
| 15 |
$14,095,873 |
$5,175,803
$844,343 |
$8,075,727 |
| 16 |
$14,800,643 |
$5,436,568
$886,559 |
$8,477,516 |
| 17 |
$15,540,415 |
$5,710,284
$930,871 |
$8,899,260 |
| 18 |
$16,317,554 |
$5,997,825
$977,421 |
$9,342,308 |
| 19 |
$17,133,479 |
$6,299,718
$1,026,295 |
$9,807,466 |
| 20 |
$17,990,082 |
$6,616,661
$1,077,606 |
$10,295,815 |
| 21 |
$18,889,728 |
$6,949,530
$1,131,495 |
$10,808,703 |
| 22 |
$19,834,309 |
$7,299,025
$1,188,075 |
$11,347,209 |
| 23 |
$20,825,717 |
$7,665,846
$1,247,460 |
$11,912,411 |
| 24 |
$21,867,263 |
$8,051,218
$1,309,849 |
$12,506,196 |
| 25 |
$22,960,366 |
$8,455,666
$1,375,326 |
$13,129,374 |
| 26 |
$24,108,810 |
$8,880,590
$1,444,118 |
$13,784,102 |
| 27 |
$25,314,014 |
$9,326,516
$1,516,309 |
$14,471,189 |
| 28 |
$26,579,762 |
$9,794,842
$1,592,128 |
$15,192,792 |
| 29 |
$27,908,892 |
$10,286,620
$1,671,743 |
$15,950,529 |
| 30 |
$29,304,242 |
$10,802,900
$1,755,324 |
$16,746,018 |
|
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