Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $139,000,000
Gross Lump Sum: $79.0
Federal Tax (37%): 49.8M (-$29.2M)
State Tax (8.82%): 42.8M (-$7.0M)
Local Tax (3.88%): 39.7M (-$3.1M)
Final Net Estimated Lump Sum:
$39,740,160
Gross Annuity Payment: $139.0M ÷ 26 = $5.3M
Federal Tax (37%): 3.4M (-$2.0M)
State Tax (8.82%): 2.9M (-$0.5M)
Local Tax (3.88%): 2.7M (-$0.2M)
Final Net Estimated Annuity: $2,689,329
Powerball launch
Advertised Jackpot $124,000,000
Gross Lump Sum: $70.8
Federal Tax (37%): 44.6M (-$26.2M)
State Tax (8.82%): 38.4M (-$6.2M)
Local Tax (3.88%): 35.6M (-$2.7M)
Final Net Estimated Lump Sum:
$35,615,232
Gross Annuity Payment: $124.0M ÷ 29 = $4.3M
Federal Tax (37%): 2.7M (-$1.6M)
State Tax (8.82%): 2.3M (-$0.4M)
Local Tax (3.88%): 2.2M (-$0.2M)
Final Net Estimated Annuity: $2,150,930
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 Record Mega Millions Jackpot Won in South Carolina 10/24/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/20/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/17/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/16/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/15/2018
#megamillions Mega Millions jackpot gets to record territory! 10/13/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/10/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/06/2018
#megamillions Mega Millions jackpot jumps to $405 million! 10/03/2018
#megamillions October excitement begins with a $367 million jackpot! 09/29/2018