Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $50,000,000
Gross Lump Sum: $23.3
Federal Tax (37%): 14.7M (-$8.6M)
State Tax (8.82%): 12.6M (-$2.1M)
Local Tax (3.88%): 11.7M (-$0.9M)
Final Net Estimated Lump Sum:
$11,720,832
Gross Annuity Payment: $50.0M ÷ 26 = $1.9M
Federal Tax (37%): 1.2M (-$0.7M)
State Tax (8.82%): 1.0M (-$0.2M)
Local Tax (3.88%): 1.0M (-$0.1M)
Final Net Estimated Annuity: $967,385
Powerball launch
Advertised Jackpot $820,000,000
Gross Lump Sum: $383.5
Federal Tax (37%): 241.6M (-$141.9M)
State Tax (8.82%): 207.8M (-$33.8M)
Local Tax (3.88%): 192.9M (-$14.9M)
Final Net Estimated Lump Sum:
$192,915,840
Gross Annuity Payment: $820.0M ÷ 29 = $28.3M
Federal Tax (37%): 17.8M (-$10.5M)
State Tax (8.82%): 15.3M (-$2.5M)
Local Tax (3.88%): 14.2M (-$1.1M)
Final Net Estimated Annuity: $14,223,890
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