Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $177,000,000
Gross Lump Sum: $76.3
Federal Tax (37%): 48.1M (-$28.2M)
State Tax (8.82%): 41.3M (-$6.7M)
Local Tax (3.88%): 38.4M (-$3.0M)
Final Net Estimated Lump Sum:
$38,381,952
Gross Annuity Payment: $177.0M ÷ 26 = $6.8M
Federal Tax (37%): 4.3M (-$2.5M)
State Tax (8.82%): 3.7M (-$0.6M)
Local Tax (3.88%): 3.4M (-$0.3M)
Final Net Estimated Annuity: $3,424,542
Powerball launch
Advertised Jackpot $146,000,000
Gross Lump Sum: $63.3
Federal Tax (37%): 39.9M (-$23.4M)
State Tax (8.82%): 34.3M (-$5.6M)
Local Tax (3.88%): 31.8M (-$2.5M)
Final Net Estimated Lump Sum:
$31,842,432
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