Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $416,000,000
Gross Lump Sum: $193.1
Federal Tax (37%): 121.7M (-$71.4M)
State Tax (8.82%): 104.6M (-$17.0M)
Local Tax (3.88%): 97.1M (-$7.5M)
Final Net Estimated Lump Sum:
$97,137,024
Gross Annuity Payment: $416.0M ÷ 26 = $16.0M
Federal Tax (37%): 10.1M (-$5.9M)
State Tax (8.82%): 8.7M (-$1.4M)
Local Tax (3.88%): 8.0M (-$0.6M)
Final Net Estimated Annuity: $8,048,640
Powerball launch
Advertised Jackpot $190,000,000
Gross Lump Sum: $89.1
Federal Tax (37%): 56.1M (-$33.0M)
State Tax (8.82%): 48.3M (-$7.9M)
Local Tax (3.88%): 44.8M (-$3.5M)
Final Net Estimated Lump Sum:
$44,820,864
Gross Annuity Payment: $190.0M ÷ 29 = $6.6M
Federal Tax (37%): 4.1M (-$2.4M)
State Tax (8.82%): 3.5M (-$0.6M)
Local Tax (3.88%): 3.3M (-$0.3M)
Final Net Estimated Annuity: $3,295,779
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