The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(5.99%) | $4,618,290 | | Net Lumpsum Payment | $43,994,380 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$151,461 |
$1,481,206 |
| 2 |
$2,655,072 |
$942,707
$159,039 |
$1,553,326 |
| 3 |
$2,787,792 |
$991,813
$166,989 |
$1,628,990 |
| 4 |
$2,927,232 |
$1,043,406
$175,341 |
$1,708,485 |
| 5 |
$3,073,560 |
$1,097,548
$184,106 |
$1,791,906 |
| 6 |
$3,227,280 |
$1,154,424
$193,314 |
$1,879,542 |
| 7 |
$3,388,560 |
$1,214,098
$202,975 |
$1,971,487 |
| 8 |
$3,558,072 |
$1,276,817
$213,129 |
$2,068,126 |
| 9 |
$3,735,984 |
$1,342,644
$223,785 |
$2,169,555 |
| 10 |
$3,922,800 |
$1,411,766
$234,976 |
$2,276,058 |
| 11 |
$4,118,856 |
$1,484,307
$246,719 |
$2,387,830 |
| 12 |
$4,324,824 |
$1,560,515
$259,057 |
$2,505,252 |
| 13 |
$4,541,040 |
$1,640,515
$272,008 |
$2,628,517 |
| 14 |
$4,768,176 |
$1,724,556
$285,614 |
$2,758,006 |
| 15 |
$5,006,568 |
$1,812,761
$299,893 |
$2,893,914 |
| 16 |
$5,256,888 |
$1,905,379
$314,888 |
$3,036,621 |
| 17 |
$5,519,640 |
$2,002,597
$330,626 |
$3,186,417 |
| 18 |
$5,795,664 |
$2,104,726
$347,160 |
$3,343,778 |
| 19 |
$6,085,464 |
$2,211,952
$364,519 |
$3,508,993 |
| 20 |
$6,389,712 |
$2,324,524
$382,744 |
$3,682,444 |
| 21 |
$6,709,248 |
$2,442,752
$401,884 |
$3,864,612 |
| 22 |
$7,044,744 |
$2,566,886
$421,980 |
$4,055,878 |
| 23 |
$7,396,872 |
$2,697,173
$443,073 |
$4,256,626 |
| 24 |
$7,766,808 |
$2,834,049
$465,232 |
$4,467,527 |
| 25 |
$8,155,056 |
$2,977,701
$488,488 |
$4,688,867 |
| 26 |
$8,562,960 |
$3,128,626
$512,921 |
$4,921,413 |
| 27 |
$8,991,024 |
$3,287,009
$538,562 |
$5,165,453 |
| 28 |
$9,440,592 |
$3,453,349
$565,491 |
$5,421,752 |
| 29 |
$9,912,672 |
$3,628,019
$593,769 |
$5,690,884 |
| 30 |
$10,408,272 |
$3,811,391
$623,455 |
$5,973,426 |
|
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