Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $366,000,000
Gross Lump Sum: $165.6
Federal Tax (37%): 104.3M (-$61.3M)
State Tax (8.82%): 89.7M (-$14.6M)
Local Tax (3.88%): 83.3M (-$6.4M)
Final Net Estimated Lump Sum:
$83,303,424
Gross Annuity Payment: $366.0M ÷ 26 = $14.1M
Federal Tax (37%): 8.9M (-$5.2M)
State Tax (8.82%): 7.6M (-$1.2M)
Local Tax (3.88%): 7.1M (-$0.5M)
Final Net Estimated Annuity: $7,081,255
Powerball launch
Advertised Jackpot $113,000,000
Gross Lump Sum: $51.8
Federal Tax (37%): 32.6M (-$19.2M)
State Tax (8.82%): 28.1M (-$4.6M)
Local Tax (3.88%): 26.1M (-$2.0M)
Final Net Estimated Lump Sum:
$26,057,472
Gross Annuity Payment: $113.0M ÷ 29 = $3.9M
Federal Tax (37%): 2.5M (-$1.4M)
State Tax (8.82%): 2.1M (-$0.3M)
Local Tax (3.88%): 2.0M (-$0.2M)
Final Net Estimated Annuity: $1,960,121
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