Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $672,000,000
Gross Lump Sum: $293.3
Federal Tax (37%): 184.8M (-$108.5M)
State Tax (8.82%): 158.9M (-$25.9M)
Local Tax (3.88%): 147.5M (-$11.4M)
Final Net Estimated Lump Sum:
$147,541,632
Gross Annuity Payment: $672.0M ÷ 26 = $25.8M
Federal Tax (37%): 16.3M (-$9.6M)
State Tax (8.82%): 14.0M (-$2.3M)
Local Tax (3.88%): 13.0M (-$1.0M)
Final Net Estimated Annuity: $13,001,649
Powerball launch
Advertised Jackpot $498,000,000
Gross Lump Sum: $221.0
Federal Tax (37%): 139.2M (-$81.8M)
State Tax (8.82%): 119.7M (-$19.5M)
Local Tax (3.88%): 111.2M (-$8.6M)
Final Net Estimated Lump Sum:
$111,171,840
Gross Annuity Payment: $498.0M ÷ 29 = $17.2M
Federal Tax (37%): 10.8M (-$6.4M)
State Tax (8.82%): 9.3M (-$1.5M)
Local Tax (3.88%): 8.6M (-$0.7M)
Final Net Estimated Annuity: $8,638,411
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