The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(5.99%) | $8,727,430 | | Net Lumpsum Payment | $83,103,240 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$291,202 |
$2,811,196 |
| 2 |
$5,104,692 |
$1,849,066
$305,771 |
$2,949,855 |
| 3 |
$5,359,862 |
$1,943,479
$321,056 |
$3,095,327 |
| 4 |
$5,627,952 |
$2,042,673
$337,114 |
$3,248,165 |
| 5 |
$5,909,285 |
$2,146,766
$353,966 |
$3,408,553 |
| 6 |
$6,204,830 |
$2,256,117
$371,669 |
$3,577,044 |
| 7 |
$6,514,910 |
$2,370,847
$390,243 |
$3,753,820 |
| 8 |
$6,840,817 |
$2,491,433
$409,765 |
$3,939,619 |
| 9 |
$7,182,874 |
$2,617,994
$430,254 |
$4,134,626 |
| 10 |
$7,542,050 |
$2,750,889
$451,769 |
$4,339,392 |
| 11 |
$7,918,991 |
$2,890,357
$474,348 |
$4,554,286 |
| 12 |
$8,314,989 |
$3,036,876
$498,068 |
$4,780,045 |
| 13 |
$8,730,690 |
$3,190,686
$522,968 |
$5,017,036 |
| 14 |
$9,167,386 |
$3,352,263
$549,126 |
$5,265,997 |
| 15 |
$9,625,723 |
$3,521,848
$576,581 |
$5,527,294 |
| 16 |
$10,106,993 |
$3,699,918
$605,409 |
$5,801,666 |
| 17 |
$10,612,165 |
$3,886,831
$635,669 |
$6,089,665 |
| 18 |
$11,142,854 |
$4,083,186
$667,457 |
$6,392,211 |
| 19 |
$11,700,029 |
$4,289,341
$700,832 |
$6,709,856 |
| 20 |
$12,284,982 |
$4,505,774
$735,870 |
$7,043,338 |
| 21 |
$12,899,328 |
$4,733,082
$772,670 |
$7,393,576 |
| 22 |
$13,544,359 |
$4,971,743
$811,307 |
$7,761,309 |
| 23 |
$14,221,367 |
$5,222,236
$851,860 |
$8,147,271 |
| 24 |
$14,932,613 |
$5,485,397
$894,464 |
$8,552,752 |
| 25 |
$15,679,066 |
$5,761,585
$939,176 |
$8,978,305 |
| 26 |
$16,463,310 |
$6,051,755
$986,152 |
$9,425,403 |
| 27 |
$17,286,314 |
$6,356,267
$1,035,450 |
$9,894,597 |
| 28 |
$18,150,662 |
$6,676,075
$1,087,225 |
$10,387,362 |
| 29 |
$19,058,292 |
$7,011,898
$1,141,592 |
$10,904,802 |
| 30 |
$20,011,142 |
$7,364,453
$1,198,667 |
$11,448,022 |
|
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