The jackpot for the Powerball draw on Sat Sep 5, 2026, is projected to be $173 Million, with an option for a cash payout of $75 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 Sat Sep 5, 2026 |
|---|
| Draw Date | Sat Sep 5, 2026 | | Projected Jackpot | $173,000,000 | | Cash Value | $75,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,000,000 | | Federal Tax(24%) | $18,000,000 | | Additional Federal Tax | $9,710,330 | | State Tax(5.99%) | $4,492,500 | | Net Lumpsum Payment | $42,797,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,603,823 |
$923,745
$155,969 |
$1,524,109 |
| 2 |
$2,734,092 |
$971,944
$163,772 |
$1,598,376 |
| 3 |
$2,870,762 |
$1,022,512
$171,959 |
$1,676,291 |
| 4 |
$3,014,352 |
$1,075,641
$180,560 |
$1,758,151 |
| 5 |
$3,165,035 |
$1,131,393
$189,586 |
$1,844,056 |
| 6 |
$3,323,330 |
$1,189,962
$199,067 |
$1,934,301 |
| 7 |
$3,489,410 |
$1,251,412
$209,016 |
$2,028,982 |
| 8 |
$3,663,967 |
$1,315,998
$219,472 |
$2,128,497 |
| 9 |
$3,847,174 |
$1,383,785
$230,446 |
$2,232,943 |
| 10 |
$4,039,550 |
$1,454,964
$241,969 |
$2,342,617 |
| 11 |
$4,241,441 |
$1,529,664
$254,062 |
$2,457,715 |
| 12 |
$4,453,539 |
$1,608,140
$266,767 |
$2,578,632 |
| 13 |
$4,676,190 |
$1,690,521
$280,104 |
$2,705,565 |
| 14 |
$4,910,086 |
$1,777,062
$294,114 |
$2,838,910 |
| 15 |
$5,155,573 |
$1,867,892
$308,819 |
$2,978,862 |
| 16 |
$5,413,343 |
$1,963,267
$324,259 |
$3,125,817 |
| 17 |
$5,683,915 |
$2,063,379
$340,467 |
$3,280,069 |
| 18 |
$5,968,154 |
$2,168,547
$357,492 |
$3,442,115 |
| 19 |
$6,266,579 |
$2,278,965
$375,368 |
$3,612,246 |
| 20 |
$6,579,882 |
$2,394,887
$394,135 |
$3,790,860 |
| 21 |
$6,908,928 |
$2,516,634
$413,845 |
$3,978,449 |
| 22 |
$7,254,409 |
$2,644,462
$434,539 |
$4,175,408 |
| 23 |
$7,617,017 |
$2,778,627
$456,259 |
$4,382,131 |
| 24 |
$7,997,963 |
$2,919,577
$479,078 |
$4,599,308 |
| 25 |
$8,397,766 |
$3,067,504
$503,026 |
$4,827,236 |
| 26 |
$8,817,810 |
$3,222,920
$528,187 |
$5,066,703 |
| 27 |
$9,258,614 |
$3,386,018
$554,591 |
$5,318,005 |
| 28 |
$9,721,562 |
$3,557,308
$582,322 |
$5,581,932 |
| 29 |
$10,207,692 |
$3,737,176
$611,441 |
$5,859,075 |
| 30 |
$10,718,042 |
$3,926,006
$642,011 |
$6,150,025 |
|
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