Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $385,000,000
Gross Lump Sum: $174.2
Federal Tax (37%): 109.7M (-$64.5M)
State Tax (8.82%): 94.4M (-$15.4M)
Local Tax (3.88%): 87.6M (-$6.8M)
Final Net Estimated Lump Sum:
$87,629,568
Gross Annuity Payment: $385.0M ÷ 26 = $14.8M
Federal Tax (37%): 9.3M (-$5.5M)
State Tax (8.82%): 8.0M (-$1.3M)
Local Tax (3.88%): 7.4M (-$0.6M)
Final Net Estimated Annuity: $7,448,862
Powerball launch
Advertised Jackpot $146,000,000
Gross Lump Sum: $66.9
Federal Tax (37%): 42.1M (-$24.8M)
State Tax (8.82%): 36.2M (-$5.9M)
Local Tax (3.88%): 33.7M (-$2.6M)
Final Net Estimated Lump Sum:
$33,653,376
Gross Annuity Payment: $146.0M ÷ 29 = $5.0M
Federal Tax (37%): 3.2M (-$1.9M)
State Tax (8.82%): 2.7M (-$0.4M)
Local Tax (3.88%): 2.5M (-$0.2M)
Final Net Estimated Annuity: $2,532,546
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