Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $277,000,000
Gross Lump Sum: $189.2
Federal Tax (37%): 119.2M (-$70.0M)
State Tax (8.82%): 102.5M (-$16.7M)
Local Tax (3.88%): 95.2M (-$7.3M)
Final Net Estimated Lump Sum:
$95,175,168
Gross Annuity Payment: $277.0M ÷ 26 = $10.7M
Federal Tax (37%): 6.7M (-$3.9M)
State Tax (8.82%): 5.8M (-$0.9M)
Local Tax (3.88%): 5.4M (-$0.4M)
Final Net Estimated Annuity: $5,359,311
Powerball launch
Advertised Jackpot $90,000,000
Gross Lump Sum: $62.3
Federal Tax (37%): 39.2M (-$23.1M)
State Tax (8.82%): 33.8M (-$5.5M)
Local Tax (3.88%): 31.3M (-$2.4M)
Final Net Estimated Lump Sum:
$31,339,392
Gross Annuity Payment: $90.0M ÷ 29 = $3.1M
Federal Tax (37%): 2.0M (-$1.1M)
State Tax (8.82%): 1.7M (-$0.3M)
Local Tax (3.88%): 1.6M (-$0.1M)
Final Net Estimated Annuity: $1,561,159
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