Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $473,000,000
Gross Lump Sum: $221.8
Federal Tax (37%): 139.7M (-$82.1M)
State Tax (8.82%): 120.2M (-$19.6M)
Local Tax (3.88%): 111.6M (-$8.6M)
Final Net Estimated Lump Sum:
$111,574,272
Gross Annuity Payment: $473.0M ÷ 26 = $18.2M
Federal Tax (37%): 11.5M (-$6.7M)
State Tax (8.82%): 9.9M (-$1.6M)
Local Tax (3.88%): 9.2M (-$0.7M)
Final Net Estimated Annuity: $9,151,458
Powerball launch
Advertised Jackpot $249,000,000
Gross Lump Sum: $117.2
Federal Tax (37%): 73.8M (-$43.4M)
State Tax (8.82%): 63.5M (-$10.3M)
Local Tax (3.88%): 59.0M (-$4.5M)
Final Net Estimated Lump Sum:
$58,956,288
Gross Annuity Payment: $249.0M ÷ 29 = $8.6M
Federal Tax (37%): 5.4M (-$3.2M)
State Tax (8.82%): 4.7M (-$0.8M)
Local Tax (3.88%): 4.3M (-$0.3M)
Final Net Estimated Annuity: $4,319,206
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