Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $153,000,000
Gross Lump Sum: $110.1
Federal Tax (37%): 69.4M (-$40.7M)
State Tax (8.82%): 59.7M (-$9.7M)
Local Tax (3.88%): 55.4M (-$4.3M)
Final Net Estimated Lump Sum:
$55,384,704
Gross Annuity Payment: $153.0M ÷ 26 = $5.9M
Federal Tax (37%): 3.7M (-$2.2M)
State Tax (8.82%): 3.2M (-$0.5M)
Local Tax (3.88%): 3.0M (-$0.2M)
Final Net Estimated Annuity: $2,960,197
Powerball launch
Advertised Jackpot $186,000,000
Gross Lump Sum: $134.6
Federal Tax (37%): 84.8M (-$49.8M)
State Tax (8.82%): 72.9M (-$11.9M)
Local Tax (3.88%): 67.7M (-$5.2M)
Final Net Estimated Lump Sum:
$67,709,184
Gross Annuity Payment: $186.0M ÷ 29 = $6.4M
Federal Tax (37%): 4.0M (-$2.4M)
State Tax (8.82%): 3.5M (-$0.6M)
Local Tax (3.88%): 3.2M (-$0.2M)
Final Net Estimated Annuity: $3,226,394
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