Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $280,000,000
Gross Lump Sum: $126.1
Federal Tax (37%): 79.4M (-$46.7M)
State Tax (8.82%): 68.3M (-$11.1M)
Local Tax (3.88%): 63.4M (-$4.9M)
Final Net Estimated Lump Sum:
$63,433,344
Gross Annuity Payment: $280.0M ÷ 26 = $10.8M
Federal Tax (37%): 6.8M (-$4.0M)
State Tax (8.82%): 5.8M (-$0.9M)
Local Tax (3.88%): 5.4M (-$0.4M)
Final Net Estimated Annuity: $5,417,354
Powerball launch
Advertised Jackpot $90,000,000
Gross Lump Sum: $40.7
Federal Tax (37%): 25.6M (-$15.1M)
State Tax (8.82%): 22.1M (-$3.6M)
Local Tax (3.88%): 20.5M (-$1.6M)
Final Net Estimated Lump Sum:
$20,473,728
Gross Annuity Payment: $90.0M ÷ 29 = $3.1M
Federal Tax (37%): 2.0M (-$1.1M)
State Tax (8.82%): 1.7M (-$0.3M)
Local Tax (3.88%): 1.6M (-$0.1M)
Final Net Estimated Annuity: $1,561,159
Like you, we love to dream about winning the lottery. So we're tracking the latest results for a couple of national lottery games and providing at-a-glance net estimates for what the jackpot would actually be in your bank account. Pick your state and locality to get customized estimates.
Press Releases
#megamillions $4 Million Won in Indiana and New Mexico; Jackpot to $284 million 12/14/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/09/2018
#megamillions Record Mega Millions Jackpot Won in South Carolina 10/23/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/19/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/16/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/15/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/14/2018
#megamillions Mega Millions jackpot gets to record territory! 10/12/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/09/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/05/2018