Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $533,000,000
Gross Lump Sum: $244.2
Federal Tax (37%): 153.8M (-$90.4M)
State Tax (8.82%): 132.3M (-$21.5M)
Local Tax (3.88%): 122.8M (-$9.5M)
Final Net Estimated Lump Sum:
$122,842,368
Gross Annuity Payment: $533.0M ÷ 26 = $20.5M
Federal Tax (37%): 12.9M (-$7.6M)
State Tax (8.82%): 11.1M (-$1.8M)
Local Tax (3.88%): 10.3M (-$0.8M)
Final Net Estimated Annuity: $10,312,320
Powerball launch
Advertised Jackpot $46,000,000
Gross Lump Sum: $21.2
Federal Tax (37%): 13.4M (-$7.8M)
State Tax (8.82%): 11.5M (-$1.9M)
Local Tax (3.88%): 10.7M (-$0.8M)
Final Net Estimated Lump Sum:
$10,664,448
Gross Annuity Payment: $46.0M ÷ 29 = $1.6M
Federal Tax (37%): 1.0M (-$0.6M)
State Tax (8.82%): 0.9M (-$0.1M)
Local Tax (3.88%): 0.8M (-$0.1M)
Final Net Estimated Annuity: $797,926
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