The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 Million. Should you be the lucky winner of the Powerball 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 Powerball Jackpot/Cash Option for Wed Jun 25, 2025 |
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Draw Date | Wed Jun 25, 2025 | Projected Jackpot | $140,000,000 | Cash Value | $63,000,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $63,000,000 | Federal Tax(24%) | $15,120,000 | Additional Federal Tax | $8,150,330 | State Tax(5.99%) | $3,773,700 | Net Lumpsum Payment | $35,955,970 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,107,140 |
$739,972 $126,218 |
$1,240,950 |
2 |
$2,212,560 |
$778,978 $132,532 |
$1,301,050 |
3 |
$2,323,160 |
$819,900 $139,157 |
$1,364,103 |
4 |
$2,439,360 |
$862,894 $146,118 |
$1,430,348 |
5 |
$2,561,300 |
$908,011 $153,422 |
$1,499,867 |
6 |
$2,689,400 |
$955,408 $161,095 |
$1,572,897 |
7 |
$2,823,800 |
$1,005,136 $169,146 |
$1,649,518 |
8 |
$2,965,060 |
$1,057,403 $177,607 |
$1,730,050 |
9 |
$3,113,320 |
$1,112,259 $186,488 |
$1,814,573 |
10 |
$3,269,000 |
$1,169,860 $195,813 |
$1,903,327 |
11 |
$3,432,380 |
$1,230,311 $205,600 |
$1,996,469 |
12 |
$3,604,020 |
$1,293,818 $215,881 |
$2,094,321 |
13 |
$3,784,200 |
$1,360,484 $226,674 |
$2,197,042 |
14 |
$3,973,480 |
$1,430,518 $238,011 |
$2,304,951 |
15 |
$4,172,140 |
$1,504,022 $249,911 |
$2,418,207 |
16 |
$4,380,740 |
$1,581,204 $262,406 |
$2,537,130 |
17 |
$4,599,700 |
$1,662,219 $275,522 |
$2,661,959 |
18 |
$4,829,720 |
$1,747,327 $289,300 |
$2,793,093 |
19 |
$5,071,220 |
$1,836,682 $303,766 |
$2,930,772 |
20 |
$5,324,760 |
$1,930,492 $318,953 |
$3,075,315 |
21 |
$5,591,040 |
$2,029,015 $334,903 |
$3,227,122 |
22 |
$5,870,620 |
$2,132,460 $351,650 |
$3,386,510 |
23 |
$6,164,060 |
$2,241,033 $369,227 |
$3,553,800 |
24 |
$6,472,340 |
$2,355,096 $387,693 |
$3,729,551 |
25 |
$6,795,880 |
$2,474,806 $407,073 |
$3,914,001 |
26 |
$7,135,800 |
$2,600,576 $427,434 |
$4,107,790 |
27 |
$7,492,520 |
$2,732,563 $448,802 |
$4,311,155 |
28 |
$7,867,160 |
$2,871,180 $471,243 |
$4,524,737 |
29 |
$8,260,560 |
$3,016,738 $494,808 |
$4,749,014 |
30 |
$8,673,560 |
$3,169,548 $519,546 |
$4,984,466 |
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