Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $443,000,000
Gross Lump Sum: $186.5
Federal Tax (37%): 117.5M (-$69.0M)
State Tax (8.82%): 101.0M (-$16.4M)
Local Tax (3.88%): 93.8M (-$7.2M)
Final Net Estimated Lump Sum:
$93,816,960
Gross Annuity Payment: $443.0M ÷ 26 = $17.0M
Federal Tax (37%): 10.7M (-$6.3M)
State Tax (8.82%): 9.2M (-$1.5M)
Local Tax (3.88%): 8.6M (-$0.7M)
Final Net Estimated Annuity: $8,571,028
Powerball launch
Advertised Jackpot $687,000,000
Gross Lump Sum: $294.7
Federal Tax (37%): 185.7M (-$109.0M)
State Tax (8.82%): 159.7M (-$26.0M)
Local Tax (3.88%): 148.2M (-$11.4M)
Final Net Estimated Lump Sum:
$148,245,888
Gross Annuity Payment: $687.0M ÷ 29 = $23.7M
Federal Tax (37%): 14.9M (-$8.8M)
State Tax (8.82%): 12.8M (-$2.1M)
Local Tax (3.88%): 11.9M (-$0.9M)
Final Net Estimated Annuity: $11,916,844
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