Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $458,000,000
Gross Lump Sum: $212.4
Federal Tax (37%): 133.8M (-$78.6M)
State Tax (8.82%): 115.1M (-$18.7M)
Local Tax (3.88%): 106.8M (-$8.2M)
Final Net Estimated Lump Sum:
$106,845,696
Gross Annuity Payment: $458.0M ÷ 26 = $17.6M
Federal Tax (37%): 11.1M (-$6.5M)
State Tax (8.82%): 9.5M (-$1.6M)
Local Tax (3.88%): 8.9M (-$0.7M)
Final Net Estimated Annuity: $8,861,243
Powerball launch
Advertised Jackpot $218,000,000
Gross Lump Sum: $101.6
Federal Tax (37%): 64.0M (-$37.6M)
State Tax (8.82%): 55.0M (-$9.0M)
Local Tax (3.88%): 51.1M (-$3.9M)
Final Net Estimated Lump Sum:
$51,108,864
Gross Annuity Payment: $218.0M ÷ 29 = $7.5M
Federal Tax (37%): 4.7M (-$2.8M)
State Tax (8.82%): 4.1M (-$0.7M)
Local Tax (3.88%): 3.8M (-$0.3M)
Final Net Estimated Annuity: $3,781,473
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