Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $637,000,000
Gross Lump Sum: $278.0
Federal Tax (37%): 175.1M (-$102.9M)
State Tax (8.82%): 150.6M (-$24.5M)
Local Tax (3.88%): 139.8M (-$10.8M)
Final Net Estimated Lump Sum:
$139,845,120
Gross Annuity Payment: $637.0M ÷ 26 = $24.5M
Federal Tax (37%): 15.4M (-$9.1M)
State Tax (8.82%): 13.3M (-$2.2M)
Local Tax (3.88%): 12.3M (-$0.9M)
Final Net Estimated Annuity: $12,324,480
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