Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $311,000,000
Gross Lump Sum: $136.4
Federal Tax (37%): 85.9M (-$50.5M)
State Tax (8.82%): 73.9M (-$12.0M)
Local Tax (3.88%): 68.6M (-$5.3M)
Final Net Estimated Lump Sum:
$68,614,656
Gross Annuity Payment: $311.0M ÷ 26 = $12.0M
Federal Tax (37%): 7.5M (-$4.4M)
State Tax (8.82%): 6.5M (-$1.1M)
Local Tax (3.88%): 6.0M (-$0.5M)
Final Net Estimated Annuity: $6,017,132
Powerball launch
Advertised Jackpot $131,000,000
Gross Lump Sum: $57.6
Federal Tax (37%): 36.3M (-$21.3M)
State Tax (8.82%): 31.2M (-$5.1M)
Local Tax (3.88%): 29.0M (-$2.2M)
Final Net Estimated Lump Sum:
$28,975,104
Gross Annuity Payment: $131.0M ÷ 29 = $4.5M
Federal Tax (37%): 2.8M (-$1.7M)
State Tax (8.82%): 2.4M (-$0.4M)
Local Tax (3.88%): 2.3M (-$0.2M)
Final Net Estimated Annuity: $2,272,353
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