Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $82,000,000
Gross Lump Sum: $55.9
Federal Tax (37%): 35.2M (-$20.7M)
State Tax (8.82%): 30.3M (-$4.9M)
Local Tax (3.88%): 28.1M (-$2.2M)
Final Net Estimated Lump Sum:
$28,119,936
Gross Annuity Payment: $82.0M ÷ 26 = $3.2M
Federal Tax (37%): 2.0M (-$1.2M)
State Tax (8.82%): 1.7M (-$0.3M)
Local Tax (3.88%): 1.6M (-$0.1M)
Final Net Estimated Annuity: $1,586,511
Powerball launch
Advertised Jackpot $110,000,000
Gross Lump Sum: $76.3
Federal Tax (37%): 48.1M (-$28.2M)
State Tax (8.82%): 41.3M (-$6.7M)
Local Tax (3.88%): 38.4M (-$3.0M)
Final Net Estimated Lump Sum:
$38,381,952
Gross Annuity Payment: $110.0M ÷ 29 = $3.8M
Federal Tax (37%): 2.4M (-$1.4M)
State Tax (8.82%): 2.1M (-$0.3M)
Local Tax (3.88%): 1.9M (-$0.1M)
Final Net Estimated Annuity: $1,908,083
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 12/15/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/10/2018
#megamillions Record Mega Millions Jackpot Won in South Carolina 10/24/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/20/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/17/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/16/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/15/2018
#megamillions Mega Millions jackpot gets to record territory! 10/13/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/10/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/06/2018