Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $284,000,000
Gross Lump Sum: $167.0
Federal Tax (37%): 105.2M (-$61.8M)
State Tax (8.82%): 90.5M (-$14.7M)
Local Tax (3.88%): 84.0M (-$6.5M)
Final Net Estimated Lump Sum:
$84,007,680
Gross Annuity Payment: $284.0M ÷ 26 = $10.9M
Federal Tax (37%): 6.9M (-$4.0M)
State Tax (8.82%): 5.9M (-$1.0M)
Local Tax (3.88%): 5.5M (-$0.4M)
Final Net Estimated Annuity: $5,494,745
Powerball launch
Advertised Jackpot $262,000,000
Gross Lump Sum: $155.5
Federal Tax (37%): 98.0M (-$57.5M)
State Tax (8.82%): 84.2M (-$13.7M)
Local Tax (3.88%): 78.2M (-$6.0M)
Final Net Estimated Lump Sum:
$78,222,720
Gross Annuity Payment: $262.0M ÷ 29 = $9.0M
Federal Tax (37%): 5.7M (-$3.3M)
State Tax (8.82%): 4.9M (-$0.8M)
Local Tax (3.88%): 4.5M (-$0.4M)
Final Net Estimated Annuity: $4,544,706
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