Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $467,000,000
Gross Lump Sum: $211.0
Federal Tax (37%): 132.9M (-$78.1M)
State Tax (8.82%): 114.3M (-$18.6M)
Local Tax (3.88%): 106.1M (-$8.2M)
Final Net Estimated Lump Sum:
$106,141,440
Gross Annuity Payment: $467.0M ÷ 26 = $18.0M
Federal Tax (37%): 11.3M (-$6.6M)
State Tax (8.82%): 9.7M (-$1.6M)
Local Tax (3.88%): 9.0M (-$0.7M)
Final Net Estimated Annuity: $9,035,372
Powerball launch
Advertised Jackpot $312,000,000
Gross Lump Sum: $141.2
Federal Tax (37%): 89.0M (-$52.2M)
State Tax (8.82%): 76.5M (-$12.5M)
Local Tax (3.88%): 71.0M (-$5.5M)
Final Net Estimated Lump Sum:
$71,029,248
Gross Annuity Payment: $312.0M ÷ 29 = $10.8M
Federal Tax (37%): 6.8M (-$4.0M)
State Tax (8.82%): 5.8M (-$0.9M)
Local Tax (3.88%): 5.4M (-$0.4M)
Final Net Estimated Annuity: $5,412,017
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