The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(5.99%) | $11,171,350 | | Net Lumpsum Payment | $106,363,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$399,389 |
$3,840,864 |
| 2 |
$7,001,172 |
$2,550,764
$419,370 |
$4,031,038 |
| 3 |
$7,351,142 |
$2,680,253
$440,333 |
$4,230,556 |
| 4 |
$7,718,832 |
$2,816,298
$462,358 |
$4,440,176 |
| 5 |
$8,104,685 |
$2,959,064
$485,471 |
$4,660,150 |
| 6 |
$8,510,030 |
$3,109,041
$509,751 |
$4,891,238 |
| 7 |
$8,935,310 |
$3,266,395
$535,225 |
$5,133,690 |
| 8 |
$9,382,297 |
$3,431,780
$562,000 |
$5,388,517 |
| 9 |
$9,851,434 |
$3,605,361
$590,101 |
$5,655,972 |
| 10 |
$10,344,050 |
$3,787,629
$619,609 |
$5,936,812 |
| 11 |
$10,861,031 |
$3,978,912
$650,576 |
$6,231,543 |
| 12 |
$11,404,149 |
$4,179,866
$683,109 |
$6,541,174 |
| 13 |
$11,974,290 |
$4,390,818
$717,260 |
$6,866,212 |
| 14 |
$12,573,226 |
$4,612,424
$753,136 |
$7,207,666 |
| 15 |
$13,201,843 |
$4,845,012
$790,790 |
$7,566,041 |
| 16 |
$13,861,913 |
$5,089,238
$830,329 |
$7,942,346 |
| 17 |
$14,554,765 |
$5,345,593
$871,830 |
$8,337,342 |
| 18 |
$15,282,614 |
$5,614,898
$915,429 |
$8,752,287 |
| 19 |
$16,046,789 |
$5,897,642
$961,203 |
$9,187,944 |
| 20 |
$16,849,062 |
$6,194,483
$1,009,259 |
$9,645,320 |
| 21 |
$17,691,648 |
$6,506,240
$1,059,730 |
$10,125,678 |
| 22 |
$18,576,319 |
$6,833,568
$1,112,722 |
$10,630,029 |
| 23 |
$19,504,847 |
$7,177,124
$1,168,340 |
$11,159,383 |
| 24 |
$20,480,333 |
$7,538,054
$1,226,772 |
$11,715,507 |
| 25 |
$21,504,106 |
$7,916,850
$1,288,096 |
$12,299,160 |
| 26 |
$22,579,710 |
$8,314,823
$1,352,525 |
$12,912,362 |
| 27 |
$23,708,474 |
$8,732,466
$1,420,138 |
$13,555,870 |
| 28 |
$24,893,942 |
$9,171,089
$1,491,147 |
$14,231,706 |
| 29 |
$26,138,772 |
$9,631,676
$1,565,712 |
$14,941,384 |
| 30 |
$27,445,622 |
$10,115,211
$1,643,993 |
$15,686,418 |
|
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