Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $452,000,000
Gross Lump Sum: $201.0
Federal Tax (37%): 126.6M (-$74.4M)
State Tax (8.82%): 108.9M (-$17.7M)
Local Tax (3.88%): 101.1M (-$7.8M)
Final Net Estimated Lump Sum:
$101,111,040
Gross Annuity Payment: $452.0M ÷ 26 = $17.4M
Federal Tax (37%): 11.0M (-$6.4M)
State Tax (8.82%): 9.4M (-$1.5M)
Local Tax (3.88%): 8.7M (-$0.7M)
Final Net Estimated Annuity: $8,745,157
Powerball launch
Advertised Jackpot $302,000,000
Gross Lump Sum: $135.3
Federal Tax (37%): 85.2M (-$50.1M)
State Tax (8.82%): 73.3M (-$11.9M)
Local Tax (3.88%): 68.1M (-$5.2M)
Final Net Estimated Lump Sum:
$68,061,312
Gross Annuity Payment: $302.0M ÷ 29 = $10.4M
Federal Tax (37%): 6.6M (-$3.9M)
State Tax (8.82%): 5.6M (-$0.9M)
Local Tax (3.88%): 5.2M (-$0.4M)
Final Net Estimated Annuity: $5,238,554
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