Estimated Net Jackpots for New York NYC
Federal Tax Rate: 39.00%
MegaMillions launch
Advertised Jackpot $60,000,000
Gross Lump Sum: $34.0
Federal Tax (39%): 20.7M (-$13.3M)
State Tax (8.82%): 17.7M (-$3.0M)
Local Tax (3.88%): 16.4M (-$1.3M)
Final Net Estimated Lump Sum: $16,423,360
Gross Annuity Payment: $60.0M ÷ 26 = $2.3M
Federal Tax (39%): 1.4M (-$0.9M)
State Tax (8.82%): 1.2M (-$0.2M)
Local Tax (3.88%): 1.1M (-$0.1M)
Final Net Estimated Annuity: $1,114,708
Powerball launch
Advertised Jackpot $40,000,000
Gross Lump Sum: $23.2
Federal Tax (39%): 14.2M (-$9.0M)
State Tax (8.82%): 12.1M (-$2.0M)
Local Tax (3.88%): 11.2M (-$0.9M)
Final Net Estimated Lump Sum: $11,206,528
Gross Annuity Payment: $40.0M ÷ 29 = $1.4M
Federal Tax (39%): 0.8M (-$0.5M)
State Tax (8.82%): 0.7M (-$0.1M)
Local Tax (3.88%): 0.7M (-$0.1M)
Final Net Estimated Annuity: $666,262
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 Jackpot won in Ohio, plus six $4 million winners! 05/05/2018
#megamillions Winning $142 Mega Millions ticket sold in Moraine, Ohio 05/04/2018
#megamillions NJ Lottery Announces Winner of Largest New Jersey Jackpot Ever 04/13/2018
#megamillions A very happy Easter for a lucky Mega Millions player in New Jersey! 03/31/2018
#megamillions New Jersey Sells Only Winning Ticket for $521 Million Mega Millions Jackpot 03/31/2018
#megamillions Mega Millions jackpot surges to $521 million! 03/30/2018
#megamillions Mega Millions jackpot tops $500 million for just the fourth time! 03/28/2018
#megamillions Mega Millions jackpot to $458 million! 03/24/2018
#megamillions Jackpot keeps rolling, reaches $421 million! 03/21/2018
#megamillions $3 million won in New York as jackpot rolls to $377 million! 03/17/2018