Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $377,000,000
Gross Lump Sum: $175.4
Federal Tax (37%): 110.5M (-$64.9M)
State Tax (8.82%): 95.0M (-$15.5M)
Local Tax (3.88%): 88.2M (-$6.8M)
Final Net Estimated Lump Sum:
$88,233,216
Gross Annuity Payment: $377.0M ÷ 26 = $14.5M
Federal Tax (37%): 9.1M (-$5.4M)
State Tax (8.82%): 7.9M (-$1.3M)
Local Tax (3.88%): 7.3M (-$0.6M)
Final Net Estimated Annuity: $7,294,080
Powerball launch
Advertised Jackpot $412,000,000
Gross Lump Sum: $194.0
Federal Tax (37%): 122.2M (-$71.8M)
State Tax (8.82%): 105.1M (-$17.1M)
Local Tax (3.88%): 97.6M (-$7.5M)
Final Net Estimated Lump Sum:
$97,589,760
Gross Annuity Payment: $412.0M ÷ 29 = $14.2M
Federal Tax (37%): 9.0M (-$5.3M)
State Tax (8.82%): 7.7M (-$1.3M)
Local Tax (3.88%): 7.1M (-$0.6M)
Final Net Estimated Annuity: $7,146,637
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