The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(5.99%) | $25,691,110 | | Net Lumpsum Payment | $244,555,560 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$856,477 |
$8,191,216 |
| 2 |
$15,013,800 |
$5,515,436
$899,327 |
$8,599,037 |
| 3 |
$15,764,300 |
$5,793,121
$944,282 |
$9,026,897 |
| 4 |
$16,552,800 |
$6,084,866
$991,513 |
$9,476,421 |
| 5 |
$17,380,250 |
$6,391,023
$1,041,077 |
$9,948,150 |
| 6 |
$18,249,500 |
$6,712,645
$1,093,145 |
$10,443,710 |
| 7 |
$19,161,500 |
$7,050,085
$1,147,774 |
$10,963,641 |
| 8 |
$20,120,050 |
$7,404,749
$1,205,191 |
$11,510,110 |
| 9 |
$21,126,100 |
$7,776,987
$1,265,453 |
$12,083,660 |
| 10 |
$22,182,500 |
$8,167,855
$1,328,732 |
$12,685,913 |
| 11 |
$23,291,150 |
$8,578,056
$1,395,140 |
$13,317,954 |
| 12 |
$24,455,850 |
$9,008,995
$1,464,905 |
$13,981,950 |
| 13 |
$25,678,500 |
$9,461,375
$1,538,142 |
$14,678,983 |
| 14 |
$26,962,900 |
$9,936,603
$1,615,078 |
$15,411,219 |
| 15 |
$28,310,950 |
$10,435,382
$1,695,826 |
$16,179,742 |
| 16 |
$29,726,450 |
$10,959,117
$1,780,614 |
$16,986,719 |
| 17 |
$31,212,250 |
$11,508,863
$1,869,614 |
$17,833,773 |
| 18 |
$32,773,100 |
$12,086,377
$1,963,109 |
$18,723,614 |
| 19 |
$34,411,850 |
$12,692,715
$2,061,270 |
$19,657,865 |
| 20 |
$36,132,300 |
$13,329,281
$2,164,325 |
$20,638,694 |
| 21 |
$37,939,200 |
$13,997,834
$2,272,558 |
$21,668,808 |
| 22 |
$39,836,350 |
$14,699,780
$2,386,197 |
$22,750,373 |
| 23 |
$41,827,550 |
$15,436,524
$2,505,470 |
$23,885,556 |
| 24 |
$43,919,450 |
$16,210,527
$2,630,775 |
$25,078,148 |
| 25 |
$46,114,900 |
$17,022,843
$2,762,283 |
$26,329,774 |
| 26 |
$48,421,500 |
$17,876,285
$2,900,448 |
$27,644,767 |
| 27 |
$50,842,100 |
$18,771,907
$3,045,442 |
$29,024,751 |
| 28 |
$53,384,300 |
$19,712,521
$3,197,720 |
$30,474,059 |
| 29 |
$56,053,800 |
$20,700,236
$3,357,623 |
$31,995,941 |
| 30 |
$58,856,300 |
$21,737,161
$3,525,492 |
$33,593,647 |
|
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