Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $392,000,000
Gross Lump Sum: $173.3
Federal Tax (37%): 109.2M (-$64.1M)
State Tax (8.82%): 93.9M (-$15.3M)
Local Tax (3.88%): 87.2M (-$6.7M)
Final Net Estimated Lump Sum:
$87,176,832
Gross Annuity Payment: $392.0M ÷ 26 = $15.1M
Federal Tax (37%): 9.5M (-$5.6M)
State Tax (8.82%): 8.2M (-$1.3M)
Local Tax (3.88%): 7.6M (-$0.6M)
Final Net Estimated Annuity: $7,584,295
Powerball launch
Advertised Jackpot $225,000,000
Gross Lump Sum: $100.3
Federal Tax (37%): 63.2M (-$37.1M)
State Tax (8.82%): 54.3M (-$8.8M)
Local Tax (3.88%): 50.5M (-$3.9M)
Final Net Estimated Lump Sum:
$50,454,912
Gross Annuity Payment: $225.0M ÷ 29 = $7.8M
Federal Tax (37%): 4.9M (-$2.9M)
State Tax (8.82%): 4.2M (-$0.7M)
Local Tax (3.88%): 3.9M (-$0.3M)
Final Net Estimated Annuity: $3,902,897
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