Estimated Net Jackpots for New York NYC
Federal Tax Rate: 39.00%
MegaMillions launch
Advertised Jackpot $111,000,000
Gross Lump Sum: $65.0
Federal Tax (39%): 39.7M (-$25.4M)
State Tax (8.82%): 33.9M (-$5.7M)
Local Tax (3.88%): 31.4M (-$2.5M)
Final Net Estimated Lump Sum: $31,397,600
Gross Annuity Payment: $111.0M ÷ 26 = $4.3M
Federal Tax (39%): 2.6M (-$1.7M)
State Tax (8.82%): 2.2M (-$0.4M)
Local Tax (3.88%): 2.1M (-$0.2M)
Final Net Estimated Annuity: $2,062,209
Powerball launch
Advertised Jackpot $158,000,000
Gross Lump Sum: $94.3
Federal Tax (39%): 57.5M (-$36.8M)
State Tax (8.82%): 49.2M (-$8.3M)
Local Tax (3.88%): 45.6M (-$3.7M)
Final Net Estimated Lump Sum: $45,550,672
Gross Annuity Payment: $158.0M ÷ 29 = $5.4M
Federal Tax (39%): 3.3M (-$2.1M)
State Tax (8.82%): 2.8M (-$0.5M)
Local Tax (3.88%): 2.6M (-$0.2M)
Final Net Estimated Annuity: $2,631,735
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 NJ Lottery Announces Winner of Largest New Jersey Jackpot Ever 04/13/2018
#megamillions A very happy Easter for a lucky Mega Millions player in New Jersey! 03/31/2018
#megamillions New Jersey Sells Only Winning Ticket for $521 Million Mega Millions Jackpot 03/31/2018
#megamillions Mega Millions jackpot surges to $521 million! 03/30/2018
#megamillions Mega Millions jackpot tops $500 million for just the fourth time! 03/28/2018
#megamillions Mega Millions jackpot to $458 million! 03/24/2018
#megamillions Jackpot keeps rolling, reaches $421 million! 03/21/2018
#megamillions $3 million won in New York as jackpot rolls to $377 million! 03/17/2018
#megamillions Mega Millions jackpot to $345 million; $5 million won in Connecticut! 03/14/2018
#megamillions Jackpot surges past $300 million for the 14th time! 03/10/2018