The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 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 Fri Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(5.99%) | $9,799,640 | | Net Lumpsum Payment | $93,308,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$331,772 |
$3,197,321 |
| 2 |
$5,815,872 |
$2,112,203
$348,371 |
$3,355,298 |
| 3 |
$6,106,592 |
$2,219,769
$365,785 |
$3,521,038 |
| 4 |
$6,412,032 |
$2,332,782
$384,081 |
$3,695,169 |
| 5 |
$6,732,560 |
$2,451,378
$403,280 |
$3,877,902 |
| 6 |
$7,069,280 |
$2,575,964
$423,450 |
$4,069,866 |
| 7 |
$7,422,560 |
$2,706,678
$444,611 |
$4,271,271 |
| 8 |
$7,793,872 |
$2,844,063
$466,853 |
$4,482,956 |
| 9 |
$8,183,584 |
$2,988,256
$490,197 |
$4,705,131 |
| 10 |
$8,592,800 |
$3,139,666
$514,709 |
$4,938,425 |
| 11 |
$9,022,256 |
$3,298,565
$540,433 |
$5,183,258 |
| 12 |
$9,473,424 |
$3,465,497
$567,458 |
$5,440,469 |
| 13 |
$9,947,040 |
$3,640,735
$595,828 |
$5,710,477 |
| 14 |
$10,444,576 |
$3,824,824
$625,630 |
$5,994,122 |
| 15 |
$10,966,768 |
$4,018,035
$656,909 |
$6,291,824 |
| 16 |
$11,515,088 |
$4,220,913
$689,754 |
$6,604,421 |
| 17 |
$12,090,640 |
$4,433,867
$724,229 |
$6,932,544 |
| 18 |
$12,695,264 |
$4,657,578
$760,446 |
$7,277,240 |
| 19 |
$13,330,064 |
$4,892,454
$798,471 |
$7,639,139 |
| 20 |
$13,996,512 |
$5,139,040
$838,391 |
$8,019,081 |
| 21 |
$14,696,448 |
$5,398,016
$880,317 |
$8,418,115 |
| 22 |
$15,431,344 |
$5,669,928
$924,338 |
$8,837,078 |
| 23 |
$16,202,672 |
$5,955,319
$970,540 |
$9,276,813 |
| 24 |
$17,013,008 |
$6,255,143
$1,019,079 |
$9,738,786 |
| 25 |
$17,863,456 |
$6,569,809
$1,070,021 |
$10,223,626 |
| 26 |
$18,756,960 |
$6,900,406
$1,123,542 |
$10,733,012 |
| 27 |
$19,694,624 |
$7,247,341
$1,179,708 |
$11,267,575 |
| 28 |
$20,679,392 |
$7,611,705
$1,238,696 |
$11,828,991 |
| 29 |
$21,713,472 |
$7,994,315
$1,300,637 |
$12,418,520 |
| 30 |
$22,799,072 |
$8,395,987
$1,365,664 |
$13,037,421 |
|
|
