Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $122,000,000
Gross Lump Sum: $54.8
Federal Tax (37%): 34.5M (-$20.3M)
State Tax (8.82%): 29.7M (-$4.8M)
Local Tax (3.88%): 27.6M (-$2.1M)
Final Net Estimated Lump Sum:
$27,566,592
Gross Annuity Payment: $122.0M ÷ 26 = $4.7M
Federal Tax (37%): 3.0M (-$1.7M)
State Tax (8.82%): 2.5M (-$0.4M)
Local Tax (3.88%): 2.4M (-$0.2M)
Final Net Estimated Annuity: $2,360,418
Powerball launch
Advertised Jackpot $123,000,000
Gross Lump Sum: $55.9
Federal Tax (37%): 35.2M (-$20.7M)
State Tax (8.82%): 30.3M (-$4.9M)
Local Tax (3.88%): 28.1M (-$2.2M)
Final Net Estimated Lump Sum:
$28,119,936
Gross Annuity Payment: $123.0M ÷ 29 = $4.2M
Federal Tax (37%): 2.7M (-$1.6M)
State Tax (8.82%): 2.3M (-$0.4M)
Local Tax (3.88%): 2.1M (-$0.2M)
Final Net Estimated Annuity: $2,133,583
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