The jackpot for the MEGA Millions draw on Fri Oct 17, 2025, is projected to be $625 Million, with an option for a cash payout of $288.8 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 17, 2025 |
|---|
| Draw Date | Fri Oct 17, 2025 | | Projected Jackpot | $625,000,000 | | Cash Value | $288,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $288,800,000 | | Federal Tax(24%) | $69,312,000 | | Additional Federal Tax | $37,504,330 | | State Tax(5.99%) | $17,299,120 | | Net Lumpsum Payment | $164,684,550 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,406,875 |
$3,440,874
$563,472 |
$5,402,529 |
| 2 |
$9,877,500 |
$3,615,005
$591,662 |
$5,670,833 |
| 3 |
$10,371,250 |
$3,797,693
$621,238 |
$5,952,319 |
| 4 |
$10,890,000 |
$3,989,630
$652,311 |
$6,248,059 |
| 5 |
$11,434,375 |
$4,191,049
$684,919 |
$6,558,407 |
| 6 |
$12,006,250 |
$4,402,643
$719,174 |
$6,884,433 |
| 7 |
$12,606,250 |
$4,624,643
$755,114 |
$7,226,493 |
| 8 |
$13,236,875 |
$4,857,974
$792,889 |
$7,586,012 |
| 9 |
$13,898,750 |
$5,102,868
$832,535 |
$7,963,347 |
| 10 |
$14,593,750 |
$5,360,018
$874,166 |
$8,359,566 |
| 11 |
$15,323,125 |
$5,629,887
$917,855 |
$8,775,383 |
| 12 |
$16,089,375 |
$5,913,399
$963,754 |
$9,212,222 |
| 13 |
$16,893,750 |
$6,211,018
$1,011,936 |
$9,670,796 |
| 14 |
$17,738,750 |
$6,523,668
$1,062,551 |
$10,152,531 |
| 15 |
$18,625,625 |
$6,851,812
$1,115,675 |
$10,658,138 |
| 16 |
$19,556,875 |
$7,196,374
$1,171,457 |
$11,189,044 |
| 17 |
$20,534,375 |
$7,558,049
$1,230,009 |
$11,746,317 |
| 18 |
$21,561,250 |
$7,937,993
$1,291,519 |
$12,331,738 |
| 19 |
$22,639,375 |
$8,336,899
$1,356,099 |
$12,946,377 |
| 20 |
$23,771,250 |
$8,755,693
$1,423,898 |
$13,591,659 |
| 21 |
$24,960,000 |
$9,195,530
$1,495,104 |
$14,269,366 |
| 22 |
$26,208,125 |
$9,657,337
$1,569,867 |
$14,980,921 |
| 23 |
$27,518,125 |
$10,142,037
$1,648,336 |
$15,727,752 |
| 24 |
$28,894,375 |
$10,651,249
$1,730,773 |
$16,512,353 |
| 25 |
$30,338,750 |
$11,185,668
$1,817,291 |
$17,335,791 |
| 26 |
$31,856,250 |
$11,747,143
$1,908,189 |
$18,200,918 |
| 27 |
$33,448,750 |
$12,336,368
$2,003,580 |
$19,108,802 |
| 28 |
$35,121,250 |
$12,955,193
$2,103,763 |
$20,062,294 |
| 29 |
$36,877,500 |
$13,605,005
$2,208,962 |
$21,063,533 |
| 30 |
$38,721,250 |
$14,287,193
$2,319,403 |
$22,114,654 |
|
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