Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $482,000,000
Gross Lump Sum: $203.6
Federal Tax (37%): 128.3M (-$75.3M)
State Tax (8.82%): 110.3M (-$18.0M)
Local Tax (3.88%): 102.4M (-$7.9M)
Final Net Estimated Lump Sum:
$102,418,944
Gross Annuity Payment: $482.0M ÷ 26 = $18.5M
Federal Tax (37%): 11.7M (-$6.9M)
State Tax (8.82%): 10.0M (-$1.6M)
Local Tax (3.88%): 9.3M (-$0.7M)
Final Net Estimated Annuity: $9,325,588
Powerball launch
Advertised Jackpot $760,000,000
Gross Lump Sum: $325.7
Federal Tax (37%): 205.2M (-$120.5M)
State Tax (8.82%): 176.5M (-$28.7M)
Local Tax (3.88%): 163.8M (-$12.6M)
Final Net Estimated Lump Sum:
$163,840,128
Gross Annuity Payment: $760.0M ÷ 29 = $26.2M
Federal Tax (37%): 16.5M (-$9.7M)
State Tax (8.82%): 14.2M (-$2.3M)
Local Tax (3.88%): 13.2M (-$1.0M)
Final Net Estimated Annuity: $13,183,117
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