The jackpot for the MEGA Millions draw on Tue Apr 22, 2025, is projected to be $50 Million, with an option for a cash payout of $22.4 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 Apr 22, 2025 |
|---|
| Draw Date | Tue Apr 22, 2025 | | Projected Jackpot | $50,000,000 | | Cash Value | $22,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $22,400,000 | | Federal Tax(24%) | $5,376,000 | | Additional Federal Tax | $2,872,330 | | State Tax(5.99%) | $1,341,760 | | Net Lumpsum Payment | $12,809,910 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$752,550 |
$238,774
$45,078 |
$468,698 |
| 2 |
$790,200 |
$252,704
$47,333 |
$490,163 |
| 3 |
$829,700 |
$267,319
$49,699 |
$512,682 |
| 4 |
$871,200 |
$282,674
$52,185 |
$536,341 |
| 5 |
$914,750 |
$298,788
$54,794 |
$561,168 |
| 6 |
$960,500 |
$315,715
$57,534 |
$587,251 |
| 7 |
$1,008,500 |
$333,475
$60,409 |
$614,616 |
| 8 |
$1,058,950 |
$352,142
$63,431 |
$643,377 |
| 9 |
$1,111,900 |
$371,733
$66,603 |
$673,564 |
| 10 |
$1,167,500 |
$392,305
$69,933 |
$705,262 |
| 11 |
$1,225,850 |
$413,895
$73,428 |
$738,527 |
| 12 |
$1,287,150 |
$436,576
$77,100 |
$773,474 |
| 13 |
$1,351,500 |
$460,385
$80,955 |
$810,160 |
| 14 |
$1,419,100 |
$485,397
$85,004 |
$848,699 |
| 15 |
$1,490,050 |
$511,649
$89,254 |
$889,147 |
| 16 |
$1,564,550 |
$539,214
$93,717 |
$931,619 |
| 17 |
$1,642,750 |
$568,148
$98,401 |
$976,201 |
| 18 |
$1,724,900 |
$598,543
$103,322 |
$1,023,035 |
| 19 |
$1,811,150 |
$630,456
$108,488 |
$1,072,206 |
| 20 |
$1,901,700 |
$663,959
$113,912 |
$1,123,829 |
| 21 |
$1,996,800 |
$699,146
$119,608 |
$1,178,046 |
| 22 |
$2,096,650 |
$736,091
$125,589 |
$1,234,970 |
| 23 |
$2,201,450 |
$774,867
$131,867 |
$1,294,716 |
| 24 |
$2,311,550 |
$815,604
$138,462 |
$1,357,484 |
| 25 |
$2,427,100 |
$858,357
$145,383 |
$1,423,360 |
| 26 |
$2,548,500 |
$903,275
$152,655 |
$1,492,570 |
| 27 |
$2,675,900 |
$950,413
$160,286 |
$1,565,201 |
| 28 |
$2,809,700 |
$999,919
$168,301 |
$1,641,480 |
| 29 |
$2,950,200 |
$1,051,904
$176,717 |
$1,721,579 |
| 30 |
$3,097,700 |
$1,106,479
$185,552 |
$1,805,669 |
|
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