Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $108,000,000
Gross Lump Sum: $53.8
Federal Tax (37%): 33.9M (-$19.9M)
State Tax (8.82%): 29.1M (-$4.7M)
Local Tax (3.88%): 27.1M (-$2.1M)
Final Net Estimated Lump Sum:
$27,063,552
Gross Annuity Payment: $108.0M ÷ 26 = $4.2M
Federal Tax (37%): 2.6M (-$1.5M)
State Tax (8.82%): 2.3M (-$0.4M)
Local Tax (3.88%): 2.1M (-$0.2M)
Final Net Estimated Annuity: $2,089,551
Powerball launch
Advertised Jackpot $295,000,000
Gross Lump Sum: $147.9
Federal Tax (37%): 93.2M (-$54.7M)
State Tax (8.82%): 80.1M (-$13.0M)
Local Tax (3.88%): 74.4M (-$5.7M)
Final Net Estimated Lump Sum:
$74,399,616
Gross Annuity Payment: $295.0M ÷ 29 = $10.2M
Federal Tax (37%): 6.4M (-$3.8M)
State Tax (8.82%): 5.5M (-$0.9M)
Local Tax (3.88%): 5.1M (-$0.4M)
Final Net Estimated Annuity: $5,117,131
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