The jackpot for the MEGA Millions draw on Fri Sep 18, 2026, is projected to be $244 Million, with an option for a cash payout of $103.5 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 Sep 18, 2026 |
|---|
| Draw Date | Fri Sep 18, 2026 | | Projected Jackpot | $244,000,000 | | Cash Value | $103,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,500,000 | | Federal Tax(24%) | $24,840,000 | | Additional Federal Tax | $13,415,330 | | State Tax(5.99%) | $6,199,650 | | Net Lumpsum Payment | $59,045,020 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$219,979 |
$2,133,330 |
| 2 |
$3,856,176 |
$1,387,116
$230,985 |
$2,238,075 |
| 3 |
$4,048,936 |
$1,458,437
$242,531 |
$2,347,968 |
| 4 |
$4,251,456 |
$1,533,369
$254,662 |
$2,463,425 |
| 5 |
$4,463,980 |
$1,612,003
$267,392 |
$2,584,585 |
| 6 |
$4,687,240 |
$1,694,609
$280,766 |
$2,711,865 |
| 7 |
$4,921,480 |
$1,781,278
$294,797 |
$2,845,405 |
| 8 |
$5,167,676 |
$1,872,371
$309,544 |
$2,985,761 |
| 9 |
$5,426,072 |
$1,967,977
$325,022 |
$3,133,073 |
| 10 |
$5,697,400 |
$2,068,368
$341,274 |
$3,287,758 |
| 11 |
$5,982,148 |
$2,173,725
$358,331 |
$3,450,092 |
| 12 |
$6,281,292 |
$2,284,408
$376,249 |
$3,620,635 |
| 13 |
$6,595,320 |
$2,400,599
$395,060 |
$3,799,661 |
| 14 |
$6,925,208 |
$2,522,657
$414,820 |
$3,987,731 |
| 15 |
$7,271,444 |
$2,650,765
$435,559 |
$4,185,120 |
| 16 |
$7,635,004 |
$2,785,282
$457,337 |
$4,392,385 |
| 17 |
$8,016,620 |
$2,926,480
$480,196 |
$4,609,944 |
| 18 |
$8,417,512 |
$3,074,810
$504,209 |
$4,838,493 |
| 19 |
$8,838,412 |
$3,230,543
$529,421 |
$5,078,448 |
| 20 |
$9,280,296 |
$3,394,040
$555,890 |
$5,330,366 |
| 21 |
$9,744,384 |
$3,565,752
$583,689 |
$5,594,943 |
| 22 |
$10,231,652 |
$3,746,042
$612,876 |
$5,872,734 |
| 23 |
$10,743,076 |
$3,935,269
$643,510 |
$6,164,297 |
| 24 |
$11,280,364 |
$4,134,065
$675,694 |
$6,470,605 |
| 25 |
$11,844,248 |
$4,342,702
$709,470 |
$6,792,076 |
| 26 |
$12,436,680 |
$4,561,902
$744,957 |
$7,129,821 |
| 27 |
$13,058,392 |
$4,791,935
$782,198 |
$7,484,259 |
| 28 |
$13,711,336 |
$5,033,525
$821,309 |
$7,856,502 |
| 29 |
$14,396,976 |
$5,287,212
$862,379 |
$8,247,385 |
| 30 |
$15,116,776 |
$5,553,538
$905,495 |
$8,657,743 |
|
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