Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $637,000,000
Gross Lump Sum: $278.0
Federal Tax (37%): 175.1M (-$102.9M)
State Tax (8.82%): 150.6M (-$24.5M)
Local Tax (3.88%): 139.8M (-$10.8M)
Final Net Estimated Lump Sum:
$139,845,120
Gross Annuity Payment: $637.0M ÷ 26 = $24.5M
Federal Tax (37%): 15.4M (-$9.1M)
State Tax (8.82%): 13.3M (-$2.2M)
Local Tax (3.88%): 12.3M (-$0.9M)
Final Net Estimated Annuity: $12,324,480
Powerball launch
Advertised Jackpot $478,000,000
Gross Lump Sum: $212.2
Federal Tax (37%): 133.7M (-$78.5M)
State Tax (8.82%): 115.0M (-$18.7M)
Local Tax (3.88%): 106.7M (-$8.2M)
Final Net Estimated Lump Sum:
$106,745,088
Gross Annuity Payment: $478.0M ÷ 29 = $16.5M
Federal Tax (37%): 10.4M (-$6.1M)
State Tax (8.82%): 8.9M (-$1.5M)
Local Tax (3.88%): 8.3M (-$0.6M)
Final Net Estimated Annuity: $8,291,487
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