Lottery Tax Calculator for Rhode Island
See exactly how much you keep from a lottery jackpot after federal and state taxes. Enter any prize amount or start from tonight's Powerball and Mega Millions jackpots, and compare the lump-sum cash option against the 30-year annuity.
Choosing a state opens its own calculator page.
Lump sum taxes the cash option in a single year.
The lottery only withholds 24% for the IRS, but a jackpot pushes you into the top 37% federal bracket. The difference comes due when you file.
Lottery taxes in Rhode Island
Rhode Island taxes lottery winnings at 5.99%. Combined with the top federal rate of 37%, a jackpot winner here faces roughly 42.99% in tax on a cash prize. The lottery withholds 24% for the IRS up front, and the rest of the federal bill is due when you file.
Example cash-prize take-home in Rhode Island
After the top 37% federal rate and 5.99% state tax.
| Cash prize | Federal (37%) | Rhode Island tax | Take-home |
|---|---|---|---|
| $1,000,000 | −$370,000 | −$59,900 | $570,100 |
| $10,000,000 | −$3,700,000 | −$599,000 | $5,701,000 |
| $100,000,000 | −$37,000,000 | −$5,990,000 | $57,010,000 |
Figures are estimates using the top marginal federal rate; 24% is withheld up front and the rest is owed at filing. Annuity payouts are taxed differently year to year; use the calculator above for the full annuity schedule.
Frequently Asked Questions
Estimates only. Federal figures use the mandatory 24% lottery withholding and the top 37% marginal bracket; your actual liability depends on your total income, deductions, and filing status. State figures use each state's top marginal or lottery-specific rate and exclude local taxes. Not tax advice. Annuity payments use the standard MUSL 5% escalation model. Consult a qualified tax professional before claiming a prize.