Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $325,000,000
Gross Lump Sum: $172.4
Federal Tax (37%): 108.6M (-$63.8M)
State Tax (8.82%): 93.4M (-$15.2M)
Local Tax (3.88%): 86.7M (-$6.7M)
Final Net Estimated Lump Sum:
$86,724,096
Gross Annuity Payment: $325.0M ÷ 26 = $12.5M
Federal Tax (37%): 7.9M (-$4.6M)
State Tax (8.82%): 6.8M (-$1.1M)
Local Tax (3.88%): 6.3M (-$0.5M)
Final Net Estimated Annuity: $6,288,000
Powerball launch
Advertised Jackpot $300,000,000
Gross Lump Sum: $159.2
Federal Tax (37%): 100.3M (-$58.9M)
State Tax (8.82%): 86.3M (-$14.0M)
Local Tax (3.88%): 80.1M (-$6.2M)
Final Net Estimated Lump Sum:
$80,083,968
Gross Annuity Payment: $300.0M ÷ 29 = $10.3M
Federal Tax (37%): 6.5M (-$3.8M)
State Tax (8.82%): 5.6M (-$0.9M)
Local Tax (3.88%): 5.2M (-$0.4M)
Final Net Estimated Annuity: $5,203,862
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