Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $604,000,000
Gross Lump Sum: $266.3
Federal Tax (37%): 167.8M (-$98.5M)
State Tax (8.82%): 144.3M (-$23.5M)
Local Tax (3.88%): 134.0M (-$10.3M)
Final Net Estimated Lump Sum:
$133,959,552
Gross Annuity Payment: $604.0M ÷ 26 = $23.2M
Federal Tax (37%): 14.6M (-$8.6M)
State Tax (8.82%): 12.6M (-$2.0M)
Local Tax (3.88%): 11.7M (-$0.9M)
Final Net Estimated Annuity: $11,686,006
Powerball launch
Advertised Jackpot $434,000,000
Gross Lump Sum: $194.7
Federal Tax (37%): 122.7M (-$72.0M)
State Tax (8.82%): 105.5M (-$17.2M)
Local Tax (3.88%): 97.9M (-$7.5M)
Final Net Estimated Lump Sum:
$97,941,888
Gross Annuity Payment: $434.0M ÷ 29 = $15.0M
Federal Tax (37%): 9.4M (-$5.5M)
State Tax (8.82%): 8.1M (-$1.3M)
Local Tax (3.88%): 7.5M (-$0.6M)
Final Net Estimated Annuity: $7,528,254
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