Keno Tax Calculator
See what you'd really take home from a Keno prize after federal and Rhode Island state tax — as a lump sum or a 30-year annuity.
- Prize (lump-sum cash)
- $1,000,000
- Federal tax
- − $328,188
- State tax (Rhode Island · 5.99%)
- − $59,900
- Net take-home
- $611,912
Estimate only — uses single-filer federal brackets and Rhode Island's top lottery-withholding rate. Actual tax depends on your total income, filing status and deductions. Not tax advice.
Keno tax FAQ
How much tax do you pay on a Keno jackpot in Rhode Island?
On a $1,000,000 Keno jackpot taken as a lump sum, you'd pay about $328,188 in federal tax and $59,900 in Rhode Island state tax, leaving roughly $611,912.
Does Rhode Island tax Keno lottery winnings?
Yes — Rhode Island withholds about 5.99% in state tax on Keno winnings, on top of federal tax.
Should I take the Keno lump sum or annuity?
The lump sum pays a smaller, discounted amount now with full control; the 30-year annuity pays the full advertised jackpot spread over time and can keep you in lower yearly tax brackets. The best choice depends on your goals and tax situation.