Jackpot Analysis Rhode Island Powerball

Jackpot Analysis for Rhode Island Powerball
The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 9, 2025
Draw DateSat Aug 9, 2025
Projected Jackpot$482,000,000
Cash Value$218,900,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$218,900,000
Federal Tax(24%)$52,536,000
Additional Federal Tax$28,417,330
State Tax(5.99%)$13,112,110
Net Lumpsum Payment$124,834,560
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $7,254,582 $2,644,526
$434,549
$4,175,507
2 $7,617,528 $2,778,816
$456,290
$4,382,422
3 $7,998,308 $2,919,704
$479,099
$4,599,505
4 $8,398,368 $3,067,727
$503,062
$4,827,579
5 $8,818,190 $3,223,061
$528,210
$5,066,919
6 $9,259,220 $3,386,242
$554,627
$5,318,351
7 $9,721,940 $3,557,448
$582,344
$5,582,148
8 $10,208,278 $3,737,393
$611,476
$5,859,409
9 $10,718,716 $3,926,255
$642,051
$6,150,410
10 $11,254,700 $4,124,569
$674,157
$6,455,974
11 $11,817,194 $4,332,692
$707,850
$6,776,652
12 $12,408,126 $4,551,337
$743,247
$7,113,542
13 $13,028,460 $4,780,861
$780,405
$7,467,194
14 $13,680,124 $5,021,976
$819,439
$7,838,709
15 $14,364,082 $5,275,041
$860,409
$8,228,632
16 $15,082,262 $5,540,767
$903,427
$8,638,068
17 $15,836,110 $5,819,691
$948,583
$9,067,836
18 $16,628,036 $6,112,704
$996,019
$9,519,313
19 $17,459,486 $6,420,340
$1,045,823
$9,993,323
20 $18,332,388 $6,743,314
$1,098,110
$10,490,964
21 $19,249,152 $7,082,517
$1,153,024
$11,013,611
22 $20,211,706 $7,438,662
$1,210,681
$11,562,363
23 $21,221,978 $7,812,462
$1,271,196
$12,138,320
24 $22,283,342 $8,205,167
$1,334,772
$12,743,403
25 $23,397,244 $8,617,311
$1,401,495
$13,378,438
26 $24,567,540 $9,050,320
$1,471,596
$14,045,624
27 $25,795,676 $9,504,731
$1,545,161
$14,745,784
28 $27,085,508 $9,981,968
$1,622,422
$15,481,118
29 $28,439,928 $10,483,104
$1,703,552
$16,253,272
30 $29,861,828 $11,009,207
$1,788,723
$17,063,898