Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $443,000,000
Gross Lump Sum: $186.5
Federal Tax (37%): 117.5M (-$69.0M)
State Tax (8.82%): 101.0M (-$16.4M)
Local Tax (3.88%): 93.8M (-$7.2M)
Final Net Estimated Lump Sum:
$93,816,960
Gross Annuity Payment: $443.0M ÷ 26 = $17.0M
Federal Tax (37%): 10.7M (-$6.3M)
State Tax (8.82%): 9.2M (-$1.5M)
Local Tax (3.88%): 8.6M (-$0.7M)
Final Net Estimated Annuity: $8,571,028
Powerball launch
Advertised Jackpot $716,000,000
Gross Lump Sum: $307.2
Federal Tax (37%): 193.5M (-$113.7M)
State Tax (8.82%): 166.4M (-$27.1M)
Local Tax (3.88%): 154.5M (-$11.9M)
Final Net Estimated Lump Sum:
$154,533,888
Gross Annuity Payment: $716.0M ÷ 29 = $24.7M
Federal Tax (37%): 15.6M (-$9.1M)
State Tax (8.82%): 13.4M (-$2.2M)
Local Tax (3.88%): 12.4M (-$1.0M)
Final Net Estimated Annuity: $12,419,884
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