The jackpot for the MEGA Millions draw on Tue Aug 19, 2025, is projected to be $216 Million, with an option for a cash payout of $97 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 Aug 19, 2025 |
|---|
| Draw Date | Tue Aug 19, 2025 | | Projected Jackpot | $216,000,000 | | Cash Value | $97,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $97,000,000 | | Federal Tax(24%) | $23,280,000 | | Additional Federal Tax | $12,570,330 | | State Tax(5.99%) | $5,810,300 | | Net Lumpsum Payment | $55,339,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,251,016 |
$1,163,206
$194,736 |
$1,893,074 |
| 2 |
$3,413,664 |
$1,223,386
$204,478 |
$1,985,800 |
| 3 |
$3,584,304 |
$1,286,523
$214,700 |
$2,083,081 |
| 4 |
$3,763,584 |
$1,352,856
$225,439 |
$2,185,289 |
| 5 |
$3,951,720 |
$1,422,467
$236,708 |
$2,292,545 |
| 6 |
$4,149,360 |
$1,495,594
$248,547 |
$2,405,219 |
| 7 |
$4,356,720 |
$1,572,317
$260,968 |
$2,523,435 |
| 8 |
$4,574,664 |
$1,652,956
$274,022 |
$2,647,686 |
| 9 |
$4,803,408 |
$1,737,591
$287,724 |
$2,778,093 |
| 10 |
$5,043,600 |
$1,826,462
$302,112 |
$2,915,026 |
| 11 |
$5,295,672 |
$1,919,729
$317,211 |
$3,058,732 |
| 12 |
$5,560,488 |
$2,017,711
$333,073 |
$3,209,704 |
| 13 |
$5,838,480 |
$2,120,568
$349,725 |
$3,368,187 |
| 14 |
$6,130,512 |
$2,228,620
$367,218 |
$3,534,674 |
| 15 |
$6,437,016 |
$2,342,026
$385,577 |
$3,709,413 |
| 16 |
$6,758,856 |
$2,461,107
$404,855 |
$3,892,894 |
| 17 |
$7,096,680 |
$2,586,102
$425,091 |
$4,085,487 |
| 18 |
$7,451,568 |
$2,717,411
$446,349 |
$4,287,808 |
| 19 |
$7,824,168 |
$2,855,273
$468,668 |
$4,500,227 |
| 20 |
$8,215,344 |
$3,000,008
$492,099 |
$4,723,237 |
| 21 |
$8,626,176 |
$3,152,016
$516,708 |
$4,957,452 |
| 22 |
$9,057,528 |
$3,311,616
$542,546 |
$5,203,366 |
| 23 |
$9,510,264 |
$3,479,128
$569,665 |
$5,461,471 |
| 24 |
$9,985,896 |
$3,655,112
$598,155 |
$5,732,629 |
| 25 |
$10,485,072 |
$3,839,807
$628,056 |
$6,017,209 |
| 26 |
$11,009,520 |
$4,033,853
$659,470 |
$6,316,197 |
| 27 |
$11,559,888 |
$4,237,489
$692,437 |
$6,629,962 |
| 28 |
$12,137,904 |
$4,451,355
$727,060 |
$6,959,489 |
| 29 |
$12,744,864 |
$4,675,930
$763,417 |
$7,305,517 |
| 30 |
$13,382,064 |
$4,911,694
$801,586 |
$7,668,784 |
|
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