Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $155,000,000
Gross Lump Sum: $108.3
Federal Tax (37%): 68.2M (-$40.1M)
State Tax (8.82%): 58.7M (-$9.6M)
Local Tax (3.88%): 54.5M (-$4.2M)
Final Net Estimated Lump Sum:
$54,479,232
Gross Annuity Payment: $155.0M ÷ 26 = $6.0M
Federal Tax (37%): 3.8M (-$2.2M)
State Tax (8.82%): 3.2M (-$0.5M)
Local Tax (3.88%): 3.0M (-$0.2M)
Final Net Estimated Annuity: $2,998,892
Powerball launch
Advertised Jackpot $394,000,000
Gross Lump Sum: $274.6
Federal Tax (37%): 173.0M (-$101.6M)
State Tax (8.82%): 148.8M (-$24.2M)
Local Tax (3.88%): 138.1M (-$10.6M)
Final Net Estimated Lump Sum:
$138,134,784
Gross Annuity Payment: $394.0M ÷ 29 = $13.6M
Federal Tax (37%): 8.6M (-$5.0M)
State Tax (8.82%): 7.4M (-$1.2M)
Local Tax (3.88%): 6.8M (-$0.5M)
Final Net Estimated Annuity: $6,834,406
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 12/15/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/10/2018
#megamillions Record Mega Millions Jackpot Won in South Carolina 10/24/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/20/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/17/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/16/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/15/2018
#megamillions Mega Millions jackpot gets to record territory! 10/13/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/10/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/06/2018