The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(5.99%) | $13,836,900 | | Net Lumpsum Payment | $131,732,770 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$460,695 |
$4,424,343 |
| 2 |
$8,075,844 |
$2,948,393
$483,743 |
$4,643,708 |
| 3 |
$8,479,534 |
$3,097,758
$507,924 |
$4,873,852 |
| 4 |
$8,903,664 |
$3,254,686
$533,329 |
$5,115,649 |
| 5 |
$9,348,745 |
$3,419,366
$559,990 |
$5,369,389 |
| 6 |
$9,816,310 |
$3,592,365
$587,997 |
$5,635,948 |
| 7 |
$10,306,870 |
$3,773,872
$617,382 |
$5,915,616 |
| 8 |
$10,822,469 |
$3,964,644
$648,266 |
$6,209,559 |
| 9 |
$11,363,618 |
$4,164,869
$680,681 |
$6,518,068 |
| 10 |
$11,931,850 |
$4,375,115
$714,718 |
$6,842,017 |
| 11 |
$12,528,187 |
$4,595,760
$750,438 |
$7,181,989 |
| 12 |
$13,154,673 |
$4,827,559
$787,965 |
$7,539,149 |
| 13 |
$13,812,330 |
$5,070,892
$827,359 |
$7,914,079 |
| 14 |
$14,503,202 |
$5,326,515
$868,742 |
$8,307,945 |
| 15 |
$15,228,311 |
$5,594,805
$912,176 |
$8,721,330 |
| 16 |
$15,989,701 |
$5,876,520
$957,783 |
$9,155,398 |
| 17 |
$16,788,905 |
$6,172,225
$1,005,655 |
$9,611,025 |
| 18 |
$17,628,478 |
$6,482,867
$1,055,946 |
$10,089,665 |
| 19 |
$18,509,953 |
$6,809,013
$1,108,746 |
$10,592,194 |
| 20 |
$19,435,374 |
$7,151,419
$1,164,179 |
$11,119,776 |
| 21 |
$20,407,296 |
$7,511,030
$1,222,397 |
$11,673,869 |
| 22 |
$21,427,763 |
$7,888,603
$1,283,523 |
$12,255,637 |
| 23 |
$22,498,819 |
$8,284,893
$1,347,679 |
$12,866,247 |
| 24 |
$23,624,041 |
$8,701,226
$1,415,080 |
$13,507,735 |
| 25 |
$24,804,962 |
$9,138,166
$1,485,817 |
$14,180,979 |
| 26 |
$26,045,670 |
$9,597,228
$1,560,136 |
$14,888,306 |
| 27 |
$27,347,698 |
$10,078,979
$1,638,127 |
$15,630,592 |
| 28 |
$28,715,134 |
$10,584,930
$1,720,037 |
$16,410,167 |
| 29 |
$30,151,044 |
$11,116,217
$1,806,048 |
$17,228,779 |
| 30 |
$31,658,494 |
$11,673,973
$1,896,344 |
$18,088,177 |
|
|
