Estimated Net Jackpots for New York NYC
Federal Tax Rate: 39.00%
MegaMillions launch
Advertised Jackpot $212,000,000
Gross Lump Sum: $126.0
Federal Tax (39%): 76.9M (-$49.1M)
State Tax (8.82%): 65.7M (-$11.1M)
Local Tax (3.88%): 60.9M (-$4.9M)
Final Net Estimated Lump Sum: $60,863,040
Gross Annuity Payment: $212.0M ÷ 26 = $8.2M
Federal Tax (39%): 5.0M (-$3.2M)
State Tax (8.82%): 4.3M (-$0.7M)
Local Tax (3.88%): 3.9M (-$0.3M)
Final Net Estimated Annuity: $3,938,634
Powerball launch
Advertised Jackpot $50,000,000
Gross Lump Sum: $30.0
Federal Tax (39%): 18.3M (-$11.7M)
State Tax (8.82%): 15.7M (-$2.6M)
Local Tax (3.88%): 14.5M (-$1.2M)
Final Net Estimated Lump Sum: $14,491,200
Gross Annuity Payment: $50.0M ÷ 29 = $1.7M
Federal Tax (39%): 1.1M (-$0.7M)
State Tax (8.82%): 0.9M (-$0.2M)
Local Tax (3.88%): 0.8M (-$0.1M)
Final Net Estimated Annuity: $832,828
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 Mega Millions jackpot tops $200 million 06/23/2018
#megamillions $142 million Mega Millions prize claimed in trust 05/31/2018
#megamillions Jackpot won in Ohio, plus six $4 million winners! 05/05/2018
#megamillions Winning $142 Mega Millions ticket sold in Moraine, Ohio 05/04/2018
#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