Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $113,000,000
Gross Lump Sum: $48.3
Federal Tax (37%): 30.4M (-$17.9M)
State Tax (8.82%): 26.2M (-$4.3M)
Local Tax (3.88%): 24.3M (-$1.9M)
Final Net Estimated Lump Sum:
$24,296,832
Gross Annuity Payment: $113.0M ÷ 26 = $4.3M
Federal Tax (37%): 2.7M (-$1.6M)
State Tax (8.82%): 2.4M (-$0.4M)
Local Tax (3.88%): 2.2M (-$0.2M)
Final Net Estimated Annuity: $2,186,289
Powerball launch
Advertised Jackpot $68,000,000
Gross Lump Sum: $29.5
Federal Tax (37%): 18.6M (-$10.9M)
State Tax (8.82%): 16.0M (-$2.6M)
Local Tax (3.88%): 14.8M (-$1.1M)
Final Net Estimated Lump Sum:
$14,839,680
Gross Annuity Payment: $68.0M ÷ 29 = $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: $1,179,542
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