Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $619,000,000
Gross Lump Sum: $297.7
Federal Tax (37%): 187.6M (-$110.1M)
State Tax (8.82%): 161.3M (-$26.3M)
Local Tax (3.88%): 149.8M (-$11.5M)
Final Net Estimated Lump Sum:
$149,755,008
Gross Annuity Payment: $619.0M ÷ 26 = $23.8M
Federal Tax (37%): 15.0M (-$8.8M)
State Tax (8.82%): 12.9M (-$2.1M)
Local Tax (3.88%): 12.0M (-$0.9M)
Final Net Estimated Annuity: $11,976,222
Powerball launch
Advertised Jackpot $20,000,000
Gross Lump Sum: $9.7
Federal Tax (37%): 6.1M (-$3.6M)
State Tax (8.82%): 5.3M (-$0.9M)
Local Tax (3.88%): 4.9M (-$0.4M)
Final Net Estimated Lump Sum:
$4,879,488
Gross Annuity Payment: $20.0M ÷ 29 = $0.7M
Federal Tax (37%): 0.4M (-$0.3M)
State Tax (8.82%): 0.4M (-$0.1M)
Local Tax (3.88%): 0.3M (-$0.0M)
Final Net Estimated Annuity: $346,924
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