Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $300,000,000
Gross Lump Sum: $124.1
Federal Tax (37%): 78.2M (-$45.9M)
State Tax (8.82%): 67.2M (-$10.9M)
Local Tax (3.88%): 62.4M (-$4.8M)
Final Net Estimated Lump Sum:
$62,427,264
Gross Annuity Payment: $300.0M ÷ 26 = $11.5M
Federal Tax (37%): 7.3M (-$4.3M)
State Tax (8.82%): 6.3M (-$1.0M)
Local Tax (3.88%): 5.8M (-$0.4M)
Final Net Estimated Annuity: $5,804,308
Powerball launch
Advertised Jackpot $389,000,000
Gross Lump Sum: $161.9
Federal Tax (37%): 102.0M (-$59.9M)
State Tax (8.82%): 87.7M (-$14.3M)
Local Tax (3.88%): 81.4M (-$6.3M)
Final Net Estimated Lump Sum:
$81,442,176
Gross Annuity Payment: $389.0M ÷ 29 = $13.4M
Federal Tax (37%): 8.5M (-$5.0M)
State Tax (8.82%): 7.3M (-$1.2M)
Local Tax (3.88%): 6.7M (-$0.5M)
Final Net Estimated Annuity: $6,747,674
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