Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $55,000,000
Gross Lump Sum: $39.5
Federal Tax (37%): 24.9M (-$14.6M)
State Tax (8.82%): 21.4M (-$3.5M)
Local Tax (3.88%): 19.9M (-$1.5M)
Final Net Estimated Lump Sum:
$19,870,080
Gross Annuity Payment: $55.0M ÷ 26 = $2.1M
Federal Tax (37%): 1.3M (-$0.8M)
State Tax (8.82%): 1.1M (-$0.2M)
Local Tax (3.88%): 1.1M (-$0.1M)
Final Net Estimated Annuity: $1,064,123
Powerball launch
Advertised Jackpot $70,000,000
Gross Lump Sum: $50.7
Federal Tax (37%): 31.9M (-$18.8M)
State Tax (8.82%): 27.5M (-$4.5M)
Local Tax (3.88%): 25.5M (-$2.0M)
Final Net Estimated Lump Sum:
$25,504,128
Gross Annuity Payment: $70.0M ÷ 29 = $2.4M
Federal Tax (37%): 1.5M (-$0.9M)
State Tax (8.82%): 1.3M (-$0.2M)
Local Tax (3.88%): 1.2M (-$0.1M)
Final Net Estimated Annuity: $1,214,234
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 12/15/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/10/2018
#megamillions Record Mega Millions Jackpot Won in South Carolina 10/24/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/20/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/17/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/16/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/15/2018
#megamillions Mega Millions jackpot gets to record territory! 10/13/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/10/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/06/2018