Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $423,000,000
Gross Lump Sum: $196.5
Federal Tax (37%): 123.8M (-$72.7M)
State Tax (8.82%): 106.5M (-$17.3M)
Local Tax (3.88%): 98.8M (-$7.6M)
Final Net Estimated Lump Sum:
$98,847,360
Gross Annuity Payment: $423.0M ÷ 26 = $16.3M
Federal Tax (37%): 10.2M (-$6.0M)
State Tax (8.82%): 8.8M (-$1.4M)
Local Tax (3.88%): 8.2M (-$0.6M)
Final Net Estimated Annuity: $8,184,074
Powerball launch
Advertised Jackpot $81,000,000
Gross Lump Sum: $37.9
Federal Tax (37%): 23.9M (-$14.0M)
State Tax (8.82%): 20.5M (-$3.3M)
Local Tax (3.88%): 19.1M (-$1.5M)
Final Net Estimated Lump Sum:
$19,065,216
Gross Annuity Payment: $81.0M ÷ 29 = $2.8M
Federal Tax (37%): 1.8M (-$1.0M)
State Tax (8.82%): 1.5M (-$0.2M)
Local Tax (3.88%): 1.4M (-$0.1M)
Final Net Estimated Annuity: $1,405,043
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