Estimated Net Jackpots for New York NYC
Federal Tax Rate: 39.00%
MegaMillions launch
Advertised Jackpot $96,000,000
Gross Lump Sum: $56.0
Federal Tax (39%): 34.2M (-$21.8M)
State Tax (8.82%): 29.2M (-$4.9M)
Local Tax (3.88%): 27.1M (-$2.2M)
Final Net Estimated Lump Sum: $27,050,240
Gross Annuity Payment: $96.0M ÷ 26 = $3.7M
Federal Tax (39%): 2.3M (-$1.4M)
State Tax (8.82%): 1.9M (-$0.3M)
Local Tax (3.88%): 1.8M (-$0.1M)
Final Net Estimated Annuity: $1,783,532
Powerball launch
Advertised Jackpot $142,000,000
Gross Lump Sum: $85.5
Federal Tax (39%): 52.2M (-$33.3M)
State Tax (8.82%): 44.6M (-$7.5M)
Local Tax (3.88%): 41.3M (-$3.3M)
Final Net Estimated Lump Sum: $41,299,920
Gross Annuity Payment: $142.0M ÷ 29 = $4.9M
Federal Tax (39%): 3.0M (-$1.9M)
State Tax (8.82%): 2.6M (-$0.4M)
Local Tax (3.88%): 2.4M (-$0.2M)
Final Net Estimated Annuity: $2,365,230
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 NJ Lottery Announces Winner of Largest New Jersey Jackpot Ever 04/13/2018
#megamillions A very happy Easter for a lucky Mega Millions player in New Jersey! 03/31/2018
#megamillions New Jersey Sells Only Winning Ticket for $521 Million Mega Millions Jackpot 03/31/2018
#megamillions Mega Millions jackpot surges to $521 million! 03/30/2018
#megamillions Mega Millions jackpot tops $500 million for just the fourth time! 03/28/2018
#megamillions Mega Millions jackpot to $458 million! 03/24/2018
#megamillions Jackpot keeps rolling, reaches $421 million! 03/21/2018
#megamillions $3 million won in New York as jackpot rolls to $377 million! 03/17/2018
#megamillions Mega Millions jackpot to $345 million; $5 million won in Connecticut! 03/14/2018
#megamillions Jackpot surges past $300 million for the 14th time! 03/10/2018