Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $50,000,000
Gross Lump Sum: $30.2
Federal Tax (37%): 19.0M (-$11.2M)
State Tax (8.82%): 16.4M (-$2.7M)
Local Tax (3.88%): 15.2M (-$1.2M)
Final Net Estimated Lump Sum:
$15,191,808
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 $550,000,000
Gross Lump Sum: $335.0
Federal Tax (37%): 211.1M (-$124.0M)
State Tax (8.82%): 181.5M (-$29.5M)
Local Tax (3.88%): 168.5M (-$13.0M)
Final Net Estimated Lump Sum:
$168,518,400
Gross Annuity Payment: $550.0M ÷ 29 = $19.0M
Federal Tax (37%): 11.9M (-$7.0M)
State Tax (8.82%): 10.3M (-$1.7M)
Local Tax (3.88%): 9.5M (-$0.7M)
Final Net Estimated Annuity: $9,540,414
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 12/15/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/10/2018
#megamillions Record Mega Millions Jackpot Won in South Carolina 10/24/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/20/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/17/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/16/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/15/2018
#megamillions Mega Millions jackpot gets to record territory! 10/13/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/10/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/06/2018