Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $178,000,000
Gross Lump Sum: $117.9
Federal Tax (37%): 74.3M (-$43.6M)
State Tax (8.82%): 63.9M (-$10.4M)
Local Tax (3.88%): 59.3M (-$4.6M)
Final Net Estimated Lump Sum:
$59,308,416
Gross Annuity Payment: $178.0M ÷ 26 = $6.8M
Federal Tax (37%): 4.3M (-$2.5M)
State Tax (8.82%): 3.7M (-$0.6M)
Local Tax (3.88%): 3.4M (-$0.3M)
Final Net Estimated Annuity: $3,443,889
Powerball launch
Advertised Jackpot $60,000,000
Gross Lump Sum: $40.3
Federal Tax (37%): 25.4M (-$14.9M)
State Tax (8.82%): 21.8M (-$3.6M)
Local Tax (3.88%): 20.3M (-$1.6M)
Final Net Estimated Lump Sum:
$20,272,512
Gross Annuity Payment: $60.0M ÷ 29 = $2.1M
Federal Tax (37%): 1.3M (-$0.8M)
State Tax (8.82%): 1.1M (-$0.2M)
Local Tax (3.88%): 1.0M (-$0.1M)
Final Net Estimated Annuity: $1,040,772
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