The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Fri Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(5.99%) | $12,776,670 | | Net Lumpsum Payment | $121,642,000 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$455,285 |
$4,372,860 |
| 2 |
$7,981,020 |
$2,913,308
$478,063 |
$4,589,649 |
| 3 |
$8,379,970 |
$3,060,919
$501,960 |
$4,817,091 |
| 4 |
$8,799,120 |
$3,216,005
$527,067 |
$5,056,048 |
| 5 |
$9,238,975 |
$3,378,751
$553,415 |
$5,306,809 |
| 6 |
$9,701,050 |
$3,549,719
$581,093 |
$5,570,238 |
| 7 |
$10,185,850 |
$3,729,095
$610,132 |
$5,846,623 |
| 8 |
$10,695,395 |
$3,917,627
$640,654 |
$6,137,114 |
| 9 |
$11,230,190 |
$4,115,501
$672,688 |
$6,442,001 |
| 10 |
$11,791,750 |
$4,323,278
$706,326 |
$6,762,146 |
| 11 |
$12,381,085 |
$4,541,332
$741,627 |
$7,098,126 |
| 12 |
$13,000,215 |
$4,770,410
$778,713 |
$7,451,092 |
| 13 |
$13,650,150 |
$5,010,886
$817,644 |
$7,821,620 |
| 14 |
$14,332,910 |
$5,263,507
$858,541 |
$8,210,862 |
| 15 |
$15,049,505 |
$5,528,647
$901,465 |
$8,619,393 |
| 16 |
$15,801,955 |
$5,807,054
$946,537 |
$9,048,364 |
| 17 |
$16,591,775 |
$6,099,287
$993,847 |
$9,498,641 |
| 18 |
$17,421,490 |
$6,406,282
$1,043,547 |
$9,971,661 |
| 19 |
$18,292,615 |
$6,728,598
$1,095,728 |
$10,468,289 |
| 20 |
$19,207,170 |
$7,066,983
$1,150,509 |
$10,989,678 |
| 21 |
$20,167,680 |
$7,422,372
$1,208,044 |
$11,537,264 |
| 22 |
$21,176,165 |
$7,795,511
$1,268,452 |
$12,112,202 |
| 23 |
$22,234,645 |
$8,187,149
$1,331,855 |
$12,715,641 |
| 24 |
$23,346,655 |
$8,598,593
$1,398,465 |
$13,349,597 |
| 25 |
$24,513,710 |
$9,030,403
$1,468,371 |
$14,014,936 |
| 26 |
$25,739,850 |
$9,484,075
$1,541,817 |
$14,713,958 |
| 27 |
$27,026,590 |
$9,960,169
$1,618,893 |
$15,447,528 |
| 28 |
$28,377,970 |
$10,460,179
$1,699,840 |
$16,217,951 |
| 29 |
$29,797,020 |
$10,985,228
$1,784,841 |
$17,026,951 |
| 30 |
$31,286,770 |
$11,536,435
$1,874,078 |
$17,876,257 |
|
|
