The jackpot for the MEGA Millions draw on Fri Oct 9, 2026, is projected to be $364 Million, with an option for a cash payout of $147.3 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 Oct 9, 2026 |
|---|
| Draw Date | Fri Oct 9, 2026 | | Projected Jackpot | $364,000,000 | | Cash Value | $147,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $147,300,000 | | Federal Tax(24%) | $35,352,000 | | Additional Federal Tax | $19,109,330 | | State Tax(5.99%) | $8,823,270 | | Net Lumpsum Payment | $84,015,400 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,478,564 |
$1,987,399
$328,166 |
$3,162,999 |
| 2 |
$5,752,656 |
$2,088,813
$344,584 |
$3,319,259 |
| 3 |
$6,040,216 |
$2,195,210
$361,809 |
$3,483,197 |
| 4 |
$6,342,336 |
$2,306,995
$379,906 |
$3,655,435 |
| 5 |
$6,659,380 |
$2,424,301
$398,897 |
$3,836,182 |
| 6 |
$6,992,440 |
$2,547,533
$418,847 |
$4,026,060 |
| 7 |
$7,341,880 |
$2,676,826
$439,779 |
$4,225,275 |
| 8 |
$7,709,156 |
$2,812,718
$461,778 |
$4,434,660 |
| 9 |
$8,094,632 |
$2,955,344
$484,868 |
$4,654,420 |
| 10 |
$8,499,400 |
$3,105,108
$509,114 |
$4,885,178 |
| 11 |
$8,924,188 |
$3,262,280
$534,559 |
$5,127,349 |
| 12 |
$9,370,452 |
$3,427,398
$561,290 |
$5,381,764 |
| 13 |
$9,838,920 |
$3,600,731
$589,351 |
$5,648,838 |
| 14 |
$10,331,048 |
$3,782,818
$618,830 |
$5,929,400 |
| 15 |
$10,847,564 |
$3,973,929
$649,769 |
$6,223,866 |
| 16 |
$11,389,924 |
$4,174,602
$682,256 |
$6,533,066 |
| 17 |
$11,959,220 |
$4,385,242
$716,357 |
$6,857,621 |
| 18 |
$12,557,272 |
$4,606,521
$752,181 |
$7,198,570 |
| 19 |
$13,185,172 |
$4,838,844
$789,792 |
$7,556,536 |
| 20 |
$13,844,376 |
$5,082,750
$829,278 |
$7,932,348 |
| 21 |
$14,536,704 |
$5,338,911
$870,749 |
$8,327,044 |
| 22 |
$15,263,612 |
$5,607,867
$914,290 |
$8,741,455 |
| 23 |
$16,026,556 |
$5,890,156
$959,991 |
$9,176,409 |
| 24 |
$16,828,084 |
$6,186,721
$1,008,002 |
$9,633,361 |
| 25 |
$17,669,288 |
$6,497,967
$1,058,390 |
$10,112,931 |
| 26 |
$18,553,080 |
$6,824,970
$1,111,329 |
$10,616,781 |
| 27 |
$19,480,552 |
$7,168,135
$1,166,885 |
$11,145,532 |
| 28 |
$20,454,616 |
$7,528,538
$1,225,231 |
$11,700,847 |
| 29 |
$21,477,456 |
$7,906,989
$1,286,500 |
$12,283,967 |
| 30 |
$22,551,256 |
$8,304,295
$1,350,820 |
$12,896,141 |
|
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