Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $80,000,000
Gross Lump Sum: $35.8
Federal Tax (37%): 22.6M (-$13.2M)
State Tax (8.82%): 19.4M (-$3.2M)
Local Tax (3.88%): 18.0M (-$1.4M)
Final Net Estimated Lump Sum:
$18,008,832
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 $234,000,000
Gross Lump Sum: $106.6
Federal Tax (37%): 67.2M (-$39.4M)
State Tax (8.82%): 57.8M (-$9.4M)
Local Tax (3.88%): 53.6M (-$4.1M)
Final Net Estimated Lump Sum:
$53,624,064
Gross Annuity Payment: $234.0M ÷ 29 = $8.1M
Federal Tax (37%): 5.1M (-$3.0M)
State Tax (8.82%): 4.4M (-$0.7M)
Local Tax (3.88%): 4.1M (-$0.3M)
Final Net Estimated Annuity: $4,059,012
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