Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $227,000,000
Gross Lump Sum: $156.5
Federal Tax (37%): 98.6M (-$57.9M)
State Tax (8.82%): 84.8M (-$13.8M)
Local Tax (3.88%): 78.7M (-$6.1M)
Final Net Estimated Lump Sum:
$78,725,760
Gross Annuity Payment: $227.0M ÷ 26 = $8.7M
Federal Tax (37%): 5.5M (-$3.2M)
State Tax (8.82%): 4.7M (-$0.8M)
Local Tax (3.88%): 4.4M (-$0.3M)
Final Net Estimated Annuity: $4,391,926
Powerball launch
Advertised Jackpot $40,000,000
Gross Lump Sum: $27.6
Federal Tax (37%): 17.4M (-$10.2M)
State Tax (8.82%): 15.0M (-$2.4M)
Local Tax (3.88%): 13.9M (-$1.1M)
Final Net Estimated Lump Sum:
$13,883,904
Gross Annuity Payment: $40.0M ÷ 29 = $1.4M
Federal Tax (37%): 0.9M (-$0.5M)
State Tax (8.82%): 0.7M (-$0.1M)
Local Tax (3.88%): 0.7M (-$0.1M)
Final Net Estimated Annuity: $693,848
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