Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $50,000,000
Gross Lump Sum: $21.5
Federal Tax (37%): 13.5M (-$8.0M)
State Tax (8.82%): 11.6M (-$1.9M)
Local Tax (3.88%): 10.8M (-$0.8M)
Final Net Estimated Lump Sum:
$10,815,360
Gross Annuity Payment: $50.0M ÷ 26 = $1.9M
Federal Tax (37%): 1.2M (-$0.7M)
State Tax (8.82%): 1.0M (-$0.2M)
Local Tax (3.88%): 1.0M (-$0.1M)
Final Net Estimated Annuity: $967,385
Powerball launch
Advertised Jackpot $707,000,000
Gross Lump Sum: $309.7
Federal Tax (37%): 195.1M (-$114.6M)
State Tax (8.82%): 167.8M (-$27.3M)
Local Tax (3.88%): 155.8M (-$12.0M)
Final Net Estimated Lump Sum:
$155,791,488
Gross Annuity Payment: $707.0M ÷ 29 = $24.4M
Federal Tax (37%): 15.4M (-$9.0M)
State Tax (8.82%): 13.2M (-$2.2M)
Local Tax (3.88%): 12.3M (-$0.9M)
Final Net Estimated Annuity: $12,263,768
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