Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $296,000,000
Gross Lump Sum: $128.6
Federal Tax (37%): 81.0M (-$47.6M)
State Tax (8.82%): 69.7M (-$11.3M)
Local Tax (3.88%): 64.7M (-$5.0M)
Final Net Estimated Lump Sum:
$64,690,944
Gross Annuity Payment: $296.0M ÷ 26 = $11.4M
Federal Tax (37%): 7.2M (-$4.2M)
State Tax (8.82%): 6.2M (-$1.0M)
Local Tax (3.88%): 5.7M (-$0.4M)
Final Net Estimated Annuity: $5,726,917
Powerball launch
Advertised Jackpot $113,000,000
Gross Lump Sum: $49.6
Federal Tax (37%): 31.2M (-$18.4M)
State Tax (8.82%): 26.9M (-$4.4M)
Local Tax (3.88%): 25.0M (-$1.9M)
Final Net Estimated Lump Sum:
$24,950,784
Gross Annuity Payment: $113.0M ÷ 29 = $3.9M
Federal Tax (37%): 2.5M (-$1.4M)
State Tax (8.82%): 2.1M (-$0.3M)
Local Tax (3.88%): 2.0M (-$0.2M)
Final Net Estimated Annuity: $1,960,121
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