Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $430,000,000
Gross Lump Sum: $191.2
Federal Tax (37%): 120.5M (-$70.7M)
State Tax (8.82%): 103.6M (-$16.9M)
Local Tax (3.88%): 96.2M (-$7.4M)
Final Net Estimated Lump Sum:
$96,181,248
Gross Annuity Payment: $430.0M ÷ 26 = $16.5M
Federal Tax (37%): 10.4M (-$6.1M)
State Tax (8.82%): 9.0M (-$1.5M)
Local Tax (3.88%): 8.3M (-$0.6M)
Final Net Estimated Annuity: $8,319,508
Powerball launch
Advertised Jackpot $283,000,000
Gross Lump Sum: $126.8
Federal Tax (37%): 79.9M (-$46.9M)
State Tax (8.82%): 68.7M (-$11.2M)
Local Tax (3.88%): 63.8M (-$4.9M)
Final Net Estimated Lump Sum:
$63,785,472
Gross Annuity Payment: $283.0M ÷ 29 = $9.8M
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: $4,908,977
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