The jackpot for the MEGA Millions draw on Tue Jan 6, 2026, is projected to be $180 Million, with an option for a cash payout of $81.9 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 Jan 6, 2026 |
|---|
| Draw Date | Tue Jan 6, 2026 | | Projected Jackpot | $180,000,000 | | Cash Value | $81,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $81,900,000 | | Federal Tax(24%) | $19,656,000 | | Additional Federal Tax | $10,607,330 | | State Tax(5.99%) | $4,905,810 | | Net Lumpsum Payment | $46,730,860 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,709,180 |
$962,727
$162,280 |
$1,584,173 |
| 2 |
$2,844,720 |
$1,012,877
$170,399 |
$1,661,444 |
| 3 |
$2,986,920 |
$1,065,491
$178,917 |
$1,742,512 |
| 4 |
$3,136,320 |
$1,120,769
$187,866 |
$1,827,685 |
| 5 |
$3,293,100 |
$1,178,777
$197,257 |
$1,917,066 |
| 6 |
$3,457,800 |
$1,239,716
$207,122 |
$2,010,962 |
| 7 |
$3,630,600 |
$1,303,652
$217,473 |
$2,109,475 |
| 8 |
$3,812,220 |
$1,370,852
$228,352 |
$2,213,016 |
| 9 |
$4,002,840 |
$1,441,381
$239,770 |
$2,321,689 |
| 10 |
$4,203,000 |
$1,515,440
$251,760 |
$2,435,800 |
| 11 |
$4,413,060 |
$1,593,163
$264,342 |
$2,555,555 |
| 12 |
$4,633,740 |
$1,674,814
$277,561 |
$2,681,365 |
| 13 |
$4,865,400 |
$1,760,528
$291,437 |
$2,813,435 |
| 14 |
$5,108,760 |
$1,850,572
$306,015 |
$2,952,173 |
| 15 |
$5,364,180 |
$1,945,077
$321,314 |
$3,097,789 |
| 16 |
$5,632,380 |
$2,044,311
$337,380 |
$3,250,689 |
| 17 |
$5,913,900 |
$2,148,473
$354,243 |
$3,411,184 |
| 18 |
$6,209,640 |
$2,257,897
$371,957 |
$3,579,786 |
| 19 |
$6,520,140 |
$2,372,782
$390,556 |
$3,756,802 |
| 20 |
$6,846,120 |
$2,493,395
$410,083 |
$3,942,642 |
| 21 |
$7,188,480 |
$2,620,068
$430,590 |
$4,137,822 |
| 22 |
$7,547,940 |
$2,753,068
$452,122 |
$4,342,750 |
| 23 |
$7,925,220 |
$2,892,662
$474,721 |
$4,557,837 |
| 24 |
$8,321,580 |
$3,039,315
$498,463 |
$4,783,802 |
| 25 |
$8,737,560 |
$3,193,228
$523,380 |
$5,020,952 |
| 26 |
$9,174,600 |
$3,354,932
$549,559 |
$5,270,109 |
| 27 |
$9,633,240 |
$3,524,629
$577,031 |
$5,531,580 |
| 28 |
$10,114,920 |
$3,702,851
$605,884 |
$5,806,185 |
| 29 |
$10,620,720 |
$3,889,997
$636,181 |
$6,094,542 |
| 30 |
$11,151,720 |
$4,086,467
$667,988 |
$6,397,265 |
|
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