Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $60,000,000
Gross Lump Sum: $27.4
Federal Tax (37%): 17.3M (-$10.1M)
State Tax (8.82%): 14.8M (-$2.4M)
Local Tax (3.88%): 13.8M (-$1.1M)
Final Net Estimated Lump Sum:
$13,783,296
Gross Annuity Payment: $60.0M ÷ 26 = $2.3M
Federal Tax (37%): 1.5M (-$0.9M)
State Tax (8.82%): 1.3M (-$0.2M)
Local Tax (3.88%): 1.2M (-$0.1M)
Final Net Estimated Annuity: $1,160,862
Powerball launch
Advertised Jackpot $820,000,000
Gross Lump Sum: $378.2
Federal Tax (37%): 238.3M (-$139.9M)
State Tax (8.82%): 204.9M (-$33.4M)
Local Tax (3.88%): 190.2M (-$14.7M)
Final Net Estimated Lump Sum:
$190,249,728
Gross Annuity Payment: $820.0M ÷ 29 = $28.3M
Federal Tax (37%): 17.8M (-$10.5M)
State Tax (8.82%): 15.3M (-$2.5M)
Local Tax (3.88%): 14.2M (-$1.1M)
Final Net Estimated Annuity: $14,223,890
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