Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $468,000,000
Gross Lump Sum: $316.2
Federal Tax (37%): 199.2M (-$117.0M)
State Tax (8.82%): 171.3M (-$27.9M)
Local Tax (3.88%): 159.1M (-$12.3M)
Final Net Estimated Lump Sum:
$159,061,248
Gross Annuity Payment: $468.0M ÷ 26 = $18.0M
Federal Tax (37%): 11.3M (-$6.7M)
State Tax (8.82%): 9.8M (-$1.6M)
Local Tax (3.88%): 9.1M (-$0.7M)
Final Net Estimated Annuity: $9,054,720
Powerball launch
Advertised Jackpot $183,000,000
Gross Lump Sum: $127.4
Federal Tax (37%): 80.3M (-$47.1M)
State Tax (8.82%): 69.0M (-$11.2M)
Local Tax (3.88%): 64.1M (-$4.9M)
Final Net Estimated Lump Sum:
$64,087,296
Gross Annuity Payment: $183.0M ÷ 29 = $6.3M
Federal Tax (37%): 4.0M (-$2.3M)
State Tax (8.82%): 3.4M (-$0.6M)
Local Tax (3.88%): 3.2M (-$0.2M)
Final Net Estimated Annuity: $3,174,356
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