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 $102,000,000
Gross Lump Sum: $46.8
Federal Tax (37%): 29.5M (-$17.3M)
State Tax (8.82%): 25.4M (-$4.1M)
Local Tax (3.88%): 23.5M (-$1.8M)
Final Net Estimated Lump Sum:
$23,542,272
Gross Annuity Payment: $102.0M ÷ 29 = $3.5M
Federal Tax (37%): 2.2M (-$1.3M)
State Tax (8.82%): 1.9M (-$0.3M)
Local Tax (3.88%): 1.8M (-$0.1M)
Final Net Estimated Annuity: $1,769,313
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