Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $163,000,000
Gross Lump Sum: $72.9
Federal Tax (37%): 45.9M (-$27.0M)
State Tax (8.82%): 39.5M (-$6.4M)
Local Tax (3.88%): 36.7M (-$2.8M)
Final Net Estimated Lump Sum:
$36,671,616
Gross Annuity Payment: $163.0M ÷ 26 = $6.3M
Federal Tax (37%): 3.9M (-$2.3M)
State Tax (8.82%): 3.4M (-$0.6M)
Local Tax (3.88%): 3.2M (-$0.2M)
Final Net Estimated Annuity: $3,153,674
Powerball launch
Advertised Jackpot $118,000,000
Gross Lump Sum: $53.7
Federal Tax (37%): 33.8M (-$19.9M)
State Tax (8.82%): 29.1M (-$4.7M)
Local Tax (3.88%): 27.0M (-$2.1M)
Final Net Estimated Lump Sum:
$27,013,248
Gross Annuity Payment: $118.0M ÷ 29 = $4.1M
Federal Tax (37%): 2.6M (-$1.5M)
State Tax (8.82%): 2.2M (-$0.4M)
Local Tax (3.88%): 2.0M (-$0.2M)
Final Net Estimated Annuity: $2,046,852
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