Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $20,000,000
Gross Lump Sum: $14.5
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 Lump Sum:
$7,294,080
Gross Annuity Payment: $20.0M ÷ 26 = $0.8M
Federal Tax (37%): 0.5M (-$0.3M)
State Tax (8.82%): 0.4M (-$0.1M)
Local Tax (3.88%): 0.4M (-$0.0M)
Final Net Estimated Annuity: $386,954
Powerball launch
Advertised Jackpot $490,000,000
Gross Lump Sum: $355.1
Federal Tax (37%): 223.7M (-$131.4M)
State Tax (8.82%): 192.4M (-$31.3M)
Local Tax (3.88%): 178.6M (-$13.8M)
Final Net Estimated Lump Sum:
$178,629,504
Gross Annuity Payment: $490.0M ÷ 29 = $16.9M
Federal Tax (37%): 10.6M (-$6.3M)
State Tax (8.82%): 9.2M (-$1.5M)
Local Tax (3.88%): 8.5M (-$0.7M)
Final Net Estimated Annuity: $8,499,641
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 12/15/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/10/2018
#megamillions Record Mega Millions Jackpot Won in South Carolina 10/24/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/20/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/17/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/16/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/15/2018
#megamillions Mega Millions jackpot gets to record territory! 10/13/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/10/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/06/2018