The jackpot for the MEGA Millions draw on Tue Jun 3, 2025, is projected to be $202 Million, with an option for a cash payout of $90 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 Tue Jun 3, 2025 |
|---|
| Draw Date | Tue Jun 3, 2025 | | Projected Jackpot | $202,000,000 | | Cash Value | $90,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,000,000 | | Federal Tax(24%) | $21,600,000 | | Additional Federal Tax | $11,660,330 | | State Tax(5.99%) | $5,391,000 | | Net Lumpsum Payment | $51,348,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,040,302 |
$1,085,242
$182,114 |
$1,772,946 |
| 2 |
$3,192,408 |
$1,141,521
$191,225 |
$1,859,662 |
| 3 |
$3,351,988 |
$1,200,566
$200,784 |
$1,950,638 |
| 4 |
$3,519,648 |
$1,262,600
$210,827 |
$2,046,221 |
| 5 |
$3,695,590 |
$1,327,699
$221,366 |
$2,146,525 |
| 6 |
$3,880,420 |
$1,396,086
$232,437 |
$2,251,897 |
| 7 |
$4,074,340 |
$1,467,836
$244,053 |
$2,362,451 |
| 8 |
$4,278,158 |
$1,543,249
$256,262 |
$2,478,647 |
| 9 |
$4,492,076 |
$1,622,399
$269,075 |
$2,600,602 |
| 10 |
$4,716,700 |
$1,705,509
$282,530 |
$2,728,661 |
| 11 |
$4,952,434 |
$1,792,731
$296,651 |
$2,863,052 |
| 12 |
$5,200,086 |
$1,884,362
$311,485 |
$3,004,239 |
| 13 |
$5,460,060 |
$1,980,553
$327,058 |
$3,152,449 |
| 14 |
$5,733,164 |
$2,081,601
$343,417 |
$3,308,146 |
| 15 |
$6,019,802 |
$2,187,657
$360,586 |
$3,471,559 |
| 16 |
$6,320,782 |
$2,299,020
$378,615 |
$3,643,147 |
| 17 |
$6,636,710 |
$2,415,913
$397,539 |
$3,823,258 |
| 18 |
$6,968,596 |
$2,538,711
$417,419 |
$4,012,466 |
| 19 |
$7,317,046 |
$2,667,637
$438,291 |
$4,211,118 |
| 20 |
$7,682,868 |
$2,802,992
$460,204 |
$4,419,672 |
| 21 |
$8,067,072 |
$2,945,147
$483,218 |
$4,638,707 |
| 22 |
$8,470,466 |
$3,094,403
$507,381 |
$4,868,682 |
| 23 |
$8,893,858 |
$3,251,058
$532,742 |
$5,110,058 |
| 24 |
$9,338,662 |
$3,415,635
$559,386 |
$5,363,641 |
| 25 |
$9,805,484 |
$3,588,359
$587,348 |
$5,629,777 |
| 26 |
$10,295,940 |
$3,769,828
$616,727 |
$5,909,385 |
| 27 |
$10,810,636 |
$3,960,266
$647,557 |
$6,202,813 |
| 28 |
$11,351,188 |
$4,160,270
$679,936 |
$6,510,982 |
| 29 |
$11,918,808 |
$4,370,289
$713,937 |
$6,834,582 |
| 30 |
$12,514,708 |
$4,590,772
$749,631 |
$7,174,305 |
|
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