Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $70,000,000
Gross Lump Sum: $29.7
Federal Tax (37%): 18.7M (-$11.0M)
State Tax (8.82%): 16.1M (-$2.6M)
Local Tax (3.88%): 14.9M (-$1.2M)
Final Net Estimated Lump Sum:
$14,940,288
Gross Annuity Payment: $70.0M ÷ 26 = $2.7M
Federal Tax (37%): 1.7M (-$1.0M)
State Tax (8.82%): 1.5M (-$0.2M)
Local Tax (3.88%): 1.4M (-$0.1M)
Final Net Estimated Annuity: $1,354,338
Powerball launch
Advertised Jackpot $786,000,000
Gross Lump Sum: $341.6
Federal Tax (37%): 215.2M (-$126.4M)
State Tax (8.82%): 185.1M (-$30.1M)
Local Tax (3.88%): 171.8M (-$13.2M)
Final Net Estimated Lump Sum:
$171,838,464
Gross Annuity Payment: $786.0M ÷ 29 = $27.1M
Federal Tax (37%): 17.1M (-$10.0M)
State Tax (8.82%): 14.7M (-$2.4M)
Local Tax (3.88%): 13.6M (-$1.1M)
Final Net Estimated Annuity: $13,634,119
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