5.99% state lottery tax
Rhode Island Powerball Tax Calculator
Last updated:
Rhode Island applies a 5.99% state lottery tax. Combined with the 24% federal withholding and the top-bracket federal adjustment, the effective tax on a large jackpot lands around 38–42%.
Note: 5.99% top rate
Rhode Island after-tax take-home by jackpot tier
24% federal withholding + top-bracket adjustment + state tax. Cash lump sum estimated at 60% of advertised jackpot.
| Advertised | Cash take-home | Cash effective | Annuity take-home |
|---|---|---|---|
| $100M | $34.3M | 42.85% | $57.1M |
| $300M | $102.7M | 42.94% | $171.1M |
| $500M | $171.1M | 42.96% | $285.1M |
| $700M | $239.5M | 42.97% | $399.2M |
| $1B | $342.1M | 42.98% | $570.2M |
| $1.5B | $513.2M | 42.98% | $855.2M |
| $2B | $684.2M | 42.98% | $1.1B |
Rhode Island vs neighboring states ($1B cash)
| State | Rate | Cash take-home |
|---|---|---|
| Rhode Island (RI) | 5.99% | $342.1M |
| Massachusetts (MA) | 5% | $348.1M |
| Connecticut (CT) | 6.99% | $336.1M |