Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $346,000,000
Gross Lump Sum: $156.1
Federal Tax (37%): 98.3M (-$57.8M)
State Tax (8.82%): 84.6M (-$13.8M)
Local Tax (3.88%): 78.5M (-$6.1M)
Final Net Estimated Lump Sum:
$78,524,544
Gross Annuity Payment: $346.0M ÷ 26 = $13.3M
Federal Tax (37%): 8.4M (-$4.9M)
State Tax (8.82%): 7.2M (-$1.2M)
Local Tax (3.88%): 6.7M (-$0.5M)
Final Net Estimated Annuity: $6,694,302
Powerball launch
Advertised Jackpot $102,000,000
Gross Lump Sum: $46.1
Federal Tax (37%): 29.0M (-$17.1M)
State Tax (8.82%): 25.0M (-$4.1M)
Local Tax (3.88%): 23.2M (-$1.8M)
Final Net Estimated Lump Sum:
$23,190,144
Gross Annuity Payment: $102.0M ÷ 29 = $3.5M
Federal Tax (37%): 2.2M (-$1.3M)
State Tax (8.82%): 1.9M (-$0.3M)
Local Tax (3.88%): 1.8M (-$0.1M)
Final Net Estimated Annuity: $1,769,313
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