The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(5.99%) | $12,165,690 | | Net Lumpsum Payment | $115,826,980 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$394,881 |
$3,797,962 |
| 2 |
$6,922,152 |
$2,521,527
$414,637 |
$3,985,988 |
| 3 |
$7,268,172 |
$2,649,554
$435,364 |
$4,183,254 |
| 4 |
$7,631,712 |
$2,784,064
$457,140 |
$4,390,508 |
| 5 |
$8,013,210 |
$2,925,218
$479,991 |
$4,608,001 |
| 6 |
$8,413,980 |
$3,073,503
$503,997 |
$4,836,480 |
| 7 |
$8,834,460 |
$3,229,081
$529,184 |
$5,076,195 |
| 8 |
$9,276,402 |
$3,392,599
$555,656 |
$5,328,147 |
| 9 |
$9,740,244 |
$3,564,221
$583,441 |
$5,592,582 |
| 10 |
$10,227,300 |
$3,744,431
$612,615 |
$5,870,254 |
| 11 |
$10,738,446 |
$3,933,555
$643,233 |
$6,161,658 |
| 12 |
$11,275,434 |
$4,132,241
$675,398 |
$6,467,795 |
| 13 |
$11,839,140 |
$4,340,812
$709,164 |
$6,789,164 |
| 14 |
$12,431,316 |
$4,559,917
$744,636 |
$7,126,763 |
| 15 |
$13,052,838 |
$4,789,880
$781,865 |
$7,481,093 |
| 16 |
$13,705,458 |
$5,031,350
$820,957 |
$7,853,151 |
| 17 |
$14,390,490 |
$5,284,812
$861,990 |
$8,243,688 |
| 18 |
$15,110,124 |
$5,551,076
$905,096 |
$8,653,952 |
| 19 |
$15,865,674 |
$5,830,630
$950,354 |
$9,084,690 |
| 20 |
$16,658,892 |
$6,124,120
$997,868 |
$9,536,904 |
| 21 |
$17,491,968 |
$6,432,359
$1,047,769 |
$10,011,840 |
| 22 |
$18,366,654 |
$6,755,992
$1,100,163 |
$10,510,499 |
| 23 |
$19,284,702 |
$7,095,670
$1,155,154 |
$11,033,878 |
| 24 |
$20,249,178 |
$7,452,526
$1,212,926 |
$11,583,726 |
| 25 |
$21,261,396 |
$7,827,047
$1,273,558 |
$12,160,791 |
| 26 |
$22,324,860 |
$8,220,529
$1,337,259 |
$12,767,072 |
| 27 |
$23,440,884 |
$8,633,457
$1,404,109 |
$13,403,318 |
| 28 |
$24,612,972 |
$9,067,130
$1,474,317 |
$14,071,525 |
| 29 |
$25,843,752 |
$9,522,519
$1,548,041 |
$14,773,192 |
| 30 |
$27,135,852 |
$10,000,596
$1,625,438 |
$15,509,818 |
|
|
