Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $346,000,000
Gross Lump Sum: $153.8
Federal Tax (37%): 96.9M (-$56.9M)
State Tax (8.82%): 83.3M (-$13.6M)
Local Tax (3.88%): 77.4M (-$6.0M)
Final Net Estimated Lump Sum:
$77,367,552
Gross Annuity Payment: $346.0M ÷ 26 = $13.3M
Federal Tax (37%): 8.4M (-$4.9M)
State Tax (8.82%): 7.2M (-$1.2M)
Local Tax (3.88%): 6.7M (-$0.5M)
Final Net Estimated Annuity: $6,694,302
Powerball launch
Advertised Jackpot $172,000,000
Gross Lump Sum: $76.9
Federal Tax (37%): 48.4M (-$28.5M)
State Tax (8.82%): 41.7M (-$6.8M)
Local Tax (3.88%): 38.7M (-$3.0M)
Final Net Estimated Lump Sum:
$38,683,776
Gross Annuity Payment: $172.0M ÷ 29 = $5.9M
Federal Tax (37%): 3.7M (-$2.2M)
State Tax (8.82%): 3.2M (-$0.5M)
Local Tax (3.88%): 3.0M (-$0.2M)
Final Net Estimated Annuity: $2,983,548
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