Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $261,000,000
Gross Lump Sum: $110.5
Federal Tax (37%): 69.6M (-$40.9M)
State Tax (8.82%): 59.9M (-$9.7M)
Local Tax (3.88%): 55.6M (-$4.3M)
Final Net Estimated Lump Sum:
$55,585,920
Gross Annuity Payment: $261.0M ÷ 26 = $10.0M
Federal Tax (37%): 6.3M (-$3.7M)
State Tax (8.82%): 5.4M (-$0.9M)
Local Tax (3.88%): 5.0M (-$0.4M)
Final Net Estimated Annuity: $5,049,748
Powerball launch
Advertised Jackpot $298,000,000
Gross Lump Sum: $127.2
Federal Tax (37%): 80.1M (-$47.1M)
State Tax (8.82%): 68.9M (-$11.2M)
Local Tax (3.88%): 64.0M (-$4.9M)
Final Net Estimated Lump Sum:
$63,986,688
Gross Annuity Payment: $298.0M ÷ 29 = $10.3M
Federal Tax (37%): 6.5M (-$3.8M)
State Tax (8.82%): 5.6M (-$0.9M)
Local Tax (3.88%): 5.2M (-$0.4M)
Final Net Estimated Annuity: $5,169,170
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