Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $413,000,000
Gross Lump Sum: $170.3
Federal Tax (37%): 107.3M (-$63.0M)
State Tax (8.82%): 92.3M (-$15.0M)
Local Tax (3.88%): 85.7M (-$6.6M)
Final Net Estimated Lump Sum:
$85,667,712
Gross Annuity Payment: $413.0M ÷ 26 = $15.9M
Federal Tax (37%): 10.0M (-$5.9M)
State Tax (8.82%): 8.6M (-$1.4M)
Local Tax (3.88%): 8.0M (-$0.6M)
Final Net Estimated Annuity: $7,990,597
Powerball launch
Advertised Jackpot $600,000,000
Gross Lump Sum: $252.7
Federal Tax (37%): 159.2M (-$93.5M)
State Tax (8.82%): 136.9M (-$22.3M)
Local Tax (3.88%): 127.1M (-$9.8M)
Final Net Estimated Lump Sum:
$127,118,208
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