The jackpot for the MEGA Millions draw on Tue Feb 10, 2026, is projected to be $366 Million, with an option for a cash payout of $165.6 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 Feb 10, 2026 |
|---|
| Draw Date | Tue Feb 10, 2026 | | Projected Jackpot | $366,000,000 | | Cash Value | $165,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,600,000 | | Federal Tax(24%) | $39,744,000 | | Additional Federal Tax | $21,488,330 | | State Tax(5.99%) | $9,919,440 | | Net Lumpsum Payment | $94,448,230 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,508,666 |
$1,998,537
$329,969 |
$3,180,160 |
| 2 |
$5,784,264 |
$2,100,508
$346,477 |
$3,337,279 |
| 3 |
$6,073,404 |
$2,207,490
$363,797 |
$3,502,117 |
| 4 |
$6,377,184 |
$2,319,888
$381,993 |
$3,675,303 |
| 5 |
$6,695,970 |
$2,437,839
$401,089 |
$3,857,042 |
| 6 |
$7,030,860 |
$2,561,749
$421,149 |
$4,047,962 |
| 7 |
$7,382,220 |
$2,691,752
$442,195 |
$4,248,273 |
| 8 |
$7,751,514 |
$2,828,391
$464,316 |
$4,458,807 |
| 9 |
$8,139,108 |
$2,971,800
$487,533 |
$4,679,775 |
| 10 |
$8,546,100 |
$3,122,387
$511,911 |
$4,911,802 |
| 11 |
$8,973,222 |
$3,280,423
$537,496 |
$5,155,303 |
| 12 |
$9,421,938 |
$3,446,447
$564,374 |
$5,411,117 |
| 13 |
$9,892,980 |
$3,620,733
$592,590 |
$5,679,657 |
| 14 |
$10,387,812 |
$3,803,821
$622,230 |
$5,961,761 |
| 15 |
$10,907,166 |
$3,995,982
$653,339 |
$6,257,845 |
| 16 |
$11,452,506 |
$4,197,758
$686,005 |
$6,568,743 |
| 17 |
$12,024,930 |
$4,409,554
$720,293 |
$6,895,083 |
| 18 |
$12,626,268 |
$4,632,050
$756,313 |
$7,237,905 |
| 19 |
$13,257,618 |
$4,865,649
$794,131 |
$7,597,838 |
| 20 |
$13,920,444 |
$5,110,895
$833,835 |
$7,975,714 |
| 21 |
$14,616,576 |
$5,368,464
$875,533 |
$8,372,579 |
| 22 |
$15,347,478 |
$5,638,897
$919,314 |
$8,789,267 |
| 23 |
$16,114,614 |
$5,922,738
$965,265 |
$9,226,611 |
| 24 |
$16,920,546 |
$6,220,932
$1,013,541 |
$9,686,073 |
| 25 |
$17,766,372 |
$6,533,888
$1,064,206 |
$10,168,278 |
| 26 |
$18,655,020 |
$6,862,688
$1,117,436 |
$10,674,896 |
| 27 |
$19,587,588 |
$7,207,738
$1,173,297 |
$11,206,553 |
| 28 |
$20,567,004 |
$7,570,122
$1,231,964 |
$11,764,918 |
| 29 |
$21,595,464 |
$7,950,652
$1,293,568 |
$12,351,244 |
| 30 |
$22,675,164 |
$8,350,141
$1,358,242 |
$12,966,781 |
|
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