Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $364,000,000
Gross Lump Sum: $147.3
Federal Tax (37%): 92.8M (-$54.5M)
State Tax (8.82%): 79.8M (-$13.0M)
Local Tax (3.88%): 74.1M (-$5.7M)
Final Net Estimated Lump Sum:
$74,097,792
Gross Annuity Payment: $364.0M ÷ 26 = $14.0M
Federal Tax (37%): 8.8M (-$5.2M)
State Tax (8.82%): 7.6M (-$1.2M)
Local Tax (3.88%): 7.0M (-$0.5M)
Final Net Estimated Annuity: $7,042,560
Powerball launch
Advertised Jackpot $485,000,000
Gross Lump Sum: $199.8
Federal Tax (37%): 125.9M (-$73.9M)
State Tax (8.82%): 108.3M (-$17.6M)
Local Tax (3.88%): 100.5M (-$7.7M)
Final Net Estimated Lump Sum:
$100,507,392
Gross Annuity Payment: $485.0M ÷ 29 = $16.7M
Federal Tax (37%): 10.5M (-$6.2M)
State Tax (8.82%): 9.1M (-$1.5M)
Local Tax (3.88%): 8.4M (-$0.6M)
Final Net Estimated Annuity: $8,412,910
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