Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $80,000,000
Gross Lump Sum: $34.4
Federal Tax (37%): 21.7M (-$12.7M)
State Tax (8.82%): 18.6M (-$3.0M)
Local Tax (3.88%): 17.3M (-$1.3M)
Final Net Estimated Lump Sum:
$17,304,576
Gross Annuity Payment: $80.0M ÷ 26 = $3.1M
Federal Tax (37%): 1.9M (-$1.1M)
State Tax (8.82%): 1.7M (-$0.3M)
Local Tax (3.88%): 1.5M (-$0.1M)
Final Net Estimated Annuity: $1,547,815
Powerball launch
Advertised Jackpot $905,000,000
Gross Lump Sum: $391.9
Federal Tax (37%): 246.9M (-$145.0M)
State Tax (8.82%): 212.3M (-$34.6M)
Local Tax (3.88%): 197.1M (-$15.2M)
Final Net Estimated Lump Sum:
$197,141,376
Gross Annuity Payment: $905.0M ÷ 29 = $31.2M
Federal Tax (37%): 19.7M (-$11.5M)
State Tax (8.82%): 16.9M (-$2.8M)
Local Tax (3.88%): 15.7M (-$1.2M)
Final Net Estimated Annuity: $15,698,317
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