Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $395,000,000
Gross Lump Sum: $183.3
Federal Tax (37%): 115.5M (-$67.8M)
State Tax (8.82%): 99.3M (-$16.2M)
Local Tax (3.88%): 92.2M (-$7.1M)
Final Net Estimated Lump Sum:
$92,207,232
Gross Annuity Payment: $395.0M ÷ 26 = $15.2M
Federal Tax (37%): 9.6M (-$5.6M)
State Tax (8.82%): 8.2M (-$1.3M)
Local Tax (3.88%): 7.6M (-$0.6M)
Final Net Estimated Annuity: $7,642,338
Powerball launch
Advertised Jackpot $169,000,000
Gross Lump Sum: $79.2
Federal Tax (37%): 49.9M (-$29.3M)
State Tax (8.82%): 42.9M (-$7.0M)
Local Tax (3.88%): 39.8M (-$3.1M)
Final Net Estimated Lump Sum:
$39,840,768
Gross Annuity Payment: $169.0M ÷ 29 = $5.8M
Federal Tax (37%): 3.7M (-$2.2M)
State Tax (8.82%): 3.2M (-$0.5M)
Local Tax (3.88%): 2.9M (-$0.2M)
Final Net Estimated Annuity: $2,931,509
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