Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $140,000,000
Gross Lump Sum: $62.8
Federal Tax (37%): 39.6M (-$23.2M)
State Tax (8.82%): 34.0M (-$5.5M)
Local Tax (3.88%): 31.6M (-$2.4M)
Final Net Estimated Lump Sum:
$31,590,912
Gross Annuity Payment: $140.0M ÷ 26 = $5.4M
Federal Tax (37%): 3.4M (-$2.0M)
State Tax (8.82%): 2.9M (-$0.5M)
Local Tax (3.88%): 2.7M (-$0.2M)
Final Net Estimated Annuity: $2,708,677
Powerball launch
Advertised Jackpot $100,000,000
Gross Lump Sum: $45.6
Federal Tax (37%): 28.7M (-$16.9M)
State Tax (8.82%): 24.7M (-$4.0M)
Local Tax (3.88%): 22.9M (-$1.8M)
Final Net Estimated Lump Sum:
$22,938,624
Gross Annuity Payment: $100.0M ÷ 29 = $3.4M
Federal Tax (37%): 2.2M (-$1.3M)
State Tax (8.82%): 1.9M (-$0.3M)
Local Tax (3.88%): 1.7M (-$0.1M)
Final Net Estimated Annuity: $1,734,621
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