Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $1,600,000,000
Gross Lump Sum: $904.0
Federal Tax (37%): 569.5M (-$334.5M)
State Tax (8.82%): 489.8M (-$79.7M)
Local Tax (3.88%): 454.7M (-$35.0M)
Final Net Estimated Lump Sum:
$454,748,160
Gross Annuity Payment: $1,600.0M ÷ 26 = $61.5M
Federal Tax (37%): 38.8M (-$22.8M)
State Tax (8.82%): 33.3M (-$5.4M)
Local Tax (3.88%): 31.0M (-$2.4M)
Final Net Estimated Annuity: $30,956,308
Powerball launch
Advertised Jackpot $620,000,000
Gross Lump Sum: $354.3
Federal Tax (37%): 223.2M (-$131.1M)
State Tax (8.82%): 192.0M (-$31.2M)
Local Tax (3.88%): 178.2M (-$13.7M)
Final Net Estimated Lump Sum:
$178,227,072
Gross Annuity Payment: $620.0M ÷ 29 = $21.4M
Federal Tax (37%): 13.5M (-$7.9M)
State Tax (8.82%): 11.6M (-$1.9M)
Local Tax (3.88%): 10.8M (-$0.8M)
Final Net Estimated Annuity: $10,754,648
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 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
#megamillions Jackpot rolls to $303 million; $1 million won in Michigan 09/22/2018