Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $800,000,000
Gross Lump Sum: $344.2
Federal Tax (37%): 216.8M (-$127.4M)
State Tax (8.82%): 186.5M (-$30.4M)
Local Tax (3.88%): 173.1M (-$13.3M)
Final Net Estimated Lump Sum:
$173,146,368
Gross Annuity Payment: $800.0M ÷ 26 = $30.8M
Federal Tax (37%): 19.4M (-$11.4M)
State Tax (8.82%): 16.7M (-$2.7M)
Local Tax (3.88%): 15.5M (-$1.2M)
Final Net Estimated Annuity: $15,478,154
Powerball launch
Advertised Jackpot $600,000,000
Gross Lump Sum: $262.8
Federal Tax (37%): 165.6M (-$97.2M)
State Tax (8.82%): 142.4M (-$23.2M)
Local Tax (3.88%): 132.2M (-$10.2M)
Final Net Estimated Lump Sum:
$132,198,912
Gross Annuity Payment: $600.0M ÷ 29 = $20.7M
Federal Tax (37%): 13.0M (-$7.7M)
State Tax (8.82%): 11.2M (-$1.8M)
Local Tax (3.88%): 10.4M (-$0.8M)
Final Net Estimated Annuity: $10,407,724
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