Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $224,000,000
Gross Lump Sum: $136.1
Federal Tax (37%): 85.7M (-$50.4M)
State Tax (8.82%): 73.7M (-$12.0M)
Local Tax (3.88%): 68.5M (-$5.3M)
Final Net Estimated Lump Sum:
$68,463,744
Gross Annuity Payment: $224.0M ÷ 26 = $8.6M
Federal Tax (37%): 5.4M (-$3.2M)
State Tax (8.82%): 4.7M (-$0.8M)
Local Tax (3.88%): 4.3M (-$0.3M)
Final Net Estimated Annuity: $4,333,883
Powerball launch
Advertised Jackpot $282,000,000
Gross Lump Sum: $171.4
Federal Tax (37%): 108.0M (-$63.4M)
State Tax (8.82%): 92.9M (-$15.1M)
Local Tax (3.88%): 86.2M (-$6.6M)
Final Net Estimated Lump Sum:
$86,221,056
Gross Annuity Payment: $282.0M ÷ 29 = $9.7M
Federal Tax (37%): 6.1M (-$3.6M)
State Tax (8.82%): 5.3M (-$0.9M)
Local Tax (3.88%): 4.9M (-$0.4M)
Final Net Estimated Annuity: $4,891,630
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 12/15/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/10/2018
#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