Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $707,000,000
Gross Lump Sum: $307.7
Federal Tax (37%): 193.9M (-$113.8M)
State Tax (8.82%): 166.7M (-$27.1M)
Local Tax (3.88%): 154.8M (-$11.9M)
Final Net Estimated Lump Sum:
$154,785,408
Gross Annuity Payment: $707.0M ÷ 26 = $27.2M
Federal Tax (37%): 17.1M (-$10.1M)
State Tax (8.82%): 14.7M (-$2.4M)
Local Tax (3.88%): 13.7M (-$1.1M)
Final Net Estimated Annuity: $13,678,818
Powerball launch
Advertised Jackpot $567,000,000
Gross Lump Sum: $251.8
Federal Tax (37%): 158.6M (-$93.2M)
State Tax (8.82%): 136.4M (-$22.2M)
Local Tax (3.88%): 126.7M (-$9.8M)
Final Net Estimated Lump Sum:
$126,665,472
Gross Annuity Payment: $567.0M ÷ 29 = $19.6M
Federal Tax (37%): 12.3M (-$7.2M)
State Tax (8.82%): 10.6M (-$1.7M)
Local Tax (3.88%): 9.8M (-$0.8M)
Final Net Estimated Annuity: $9,835,299
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