Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $489,000,000
Gross Lump Sum: $220.9
Federal Tax (37%): 139.2M (-$81.7M)
State Tax (8.82%): 119.7M (-$19.5M)
Local Tax (3.88%): 111.1M (-$8.6M)
Final Net Estimated Lump Sum:
$111,121,536
Gross Annuity Payment: $489.0M ÷ 26 = $18.8M
Federal Tax (37%): 11.8M (-$7.0M)
State Tax (8.82%): 10.2M (-$1.7M)
Local Tax (3.88%): 9.5M (-$0.7M)
Final Net Estimated Annuity: $9,461,022
Powerball launch
Advertised Jackpot $348,000,000
Gross Lump Sum: $157.5
Federal Tax (37%): 99.2M (-$58.3M)
State Tax (8.82%): 85.3M (-$13.9M)
Local Tax (3.88%): 79.2M (-$6.1M)
Final Net Estimated Lump Sum:
$79,228,800
Gross Annuity Payment: $348.0M ÷ 29 = $12.0M
Federal Tax (37%): 7.6M (-$4.4M)
State Tax (8.82%): 6.5M (-$1.1M)
Local Tax (3.88%): 6.0M (-$0.5M)
Final Net Estimated Annuity: $6,036,480
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