Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $542,000,000
Gross Lump Sum: $242.0
Federal Tax (37%): 152.5M (-$89.5M)
State Tax (8.82%): 131.1M (-$21.3M)
Local Tax (3.88%): 121.7M (-$9.4M)
Final Net Estimated Lump Sum:
$121,735,680
Gross Annuity Payment: $542.0M ÷ 26 = $20.8M
Federal Tax (37%): 13.1M (-$7.7M)
State Tax (8.82%): 11.3M (-$1.8M)
Local Tax (3.88%): 10.5M (-$0.8M)
Final Net Estimated Annuity: $10,486,449
Powerball launch
Advertised Jackpot $375,000,000
Gross Lump Sum: $170.6
Federal Tax (37%): 107.5M (-$63.1M)
State Tax (8.82%): 92.4M (-$15.0M)
Local Tax (3.88%): 85.8M (-$6.6M)
Final Net Estimated Lump Sum:
$85,818,624
Gross Annuity Payment: $375.0M ÷ 29 = $12.9M
Federal Tax (37%): 8.1M (-$4.8M)
State Tax (8.82%): 7.0M (-$1.1M)
Local Tax (3.88%): 6.5M (-$0.5M)
Final Net Estimated Annuity: $6,504,828
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