Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $511,000,000
Gross Lump Sum: $231.0
Federal Tax (37%): 145.5M (-$85.5M)
State Tax (8.82%): 125.2M (-$20.4M)
Local Tax (3.88%): 116.2M (-$9.0M)
Final Net Estimated Lump Sum:
$116,202,240
Gross Annuity Payment: $511.0M ÷ 26 = $19.7M
Federal Tax (37%): 12.4M (-$7.3M)
State Tax (8.82%): 10.6M (-$1.7M)
Local Tax (3.88%): 9.9M (-$0.8M)
Final Net Estimated Annuity: $9,886,671
Powerball launch
Advertised Jackpot $360,000,000
Gross Lump Sum: $163.8
Federal Tax (37%): 103.2M (-$60.6M)
State Tax (8.82%): 88.7M (-$14.4M)
Local Tax (3.88%): 82.4M (-$6.3M)
Final Net Estimated Lump Sum:
$82,397,952
Gross Annuity Payment: $360.0M ÷ 29 = $12.4M
Federal Tax (37%): 7.8M (-$4.6M)
State Tax (8.82%): 6.7M (-$1.1M)
Local Tax (3.88%): 6.2M (-$0.5M)
Final Net Estimated Annuity: $6,244,634
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