Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $505,000,000
Gross Lump Sum: $213.3
Federal Tax (37%): 134.4M (-$78.9M)
State Tax (8.82%): 115.6M (-$18.8M)
Local Tax (3.88%): 107.3M (-$8.3M)
Final Net Estimated Lump Sum:
$107,298,432
Gross Annuity Payment: $505.0M ÷ 26 = $19.4M
Federal Tax (37%): 12.2M (-$7.2M)
State Tax (8.82%): 10.5M (-$1.7M)
Local Tax (3.88%): 9.8M (-$0.8M)
Final Net Estimated Annuity: $9,770,585
Powerball launch
Advertised Jackpot $835,000,000
Gross Lump Sum: $357.9
Federal Tax (37%): 225.5M (-$132.4M)
State Tax (8.82%): 193.9M (-$31.6M)
Local Tax (3.88%): 180.0M (-$13.9M)
Final Net Estimated Lump Sum:
$180,038,016
Gross Annuity Payment: $835.0M ÷ 29 = $28.8M
Federal Tax (37%): 18.1M (-$10.7M)
State Tax (8.82%): 15.6M (-$2.5M)
Local Tax (3.88%): 14.5M (-$1.1M)
Final Net Estimated Annuity: $14,484,083
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 12/14/2018
#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