Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $20,000,000
Gross Lump Sum: $10.6
Federal Tax (37%): 6.7M (-$3.9M)
State Tax (8.82%): 5.7M (-$0.9M)
Local Tax (3.88%): 5.3M (-$0.4M)
Final Net Estimated Lump Sum:
$5,332,224
Gross Annuity Payment: $20.0M ÷ 26 = $0.8M
Federal Tax (37%): 0.5M (-$0.3M)
State Tax (8.82%): 0.4M (-$0.1M)
Local Tax (3.88%): 0.4M (-$0.0M)
Final Net Estimated Annuity: $386,954
Powerball launch
Advertised Jackpot $700,000,000
Gross Lump Sum: $375.7
Federal Tax (37%): 236.7M (-$139.0M)
State Tax (8.82%): 203.6M (-$33.1M)
Local Tax (3.88%): 189.0M (-$14.6M)
Final Net Estimated Lump Sum:
$188,992,128
Gross Annuity Payment: $700.0M ÷ 29 = $24.1M
Federal Tax (37%): 15.2M (-$8.9M)
State Tax (8.82%): 13.1M (-$2.1M)
Local Tax (3.88%): 12.1M (-$0.9M)
Final Net Estimated Annuity: $12,142,345
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