Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $100,000,000
Gross Lump Sum: $45.5
Federal Tax (37%): 28.7M (-$16.8M)
State Tax (8.82%): 24.7M (-$4.0M)
Local Tax (3.88%): 22.9M (-$1.8M)
Final Net Estimated Lump Sum:
$22,888,320
Gross Annuity Payment: $100.0M ÷ 26 = $3.8M
Federal Tax (37%): 2.4M (-$1.4M)
State Tax (8.82%): 2.1M (-$0.3M)
Local Tax (3.88%): 1.9M (-$0.1M)
Final Net Estimated Annuity: $1,934,769
Powerball launch
Advertised Jackpot $1,600,000,000
Gross Lump Sum: $735.3
Federal Tax (37%): 463.2M (-$272.1M)
State Tax (8.82%): 398.4M (-$64.9M)
Local Tax (3.88%): 369.9M (-$28.5M)
Final Net Estimated Lump Sum:
$369,885,312
Gross Annuity Payment: $1,600.0M ÷ 29 = $55.2M
Federal Tax (37%): 34.8M (-$20.4M)
State Tax (8.82%): 29.9M (-$4.9M)
Local Tax (3.88%): 27.8M (-$2.1M)
Final Net Estimated Annuity: $27,753,931
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