Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $47,000,000
Gross Lump Sum: $23.9
Federal Tax (37%): 15.1M (-$8.8M)
State Tax (8.82%): 12.9M (-$2.1M)
Local Tax (3.88%): 12.0M (-$0.9M)
Final Net Estimated Lump Sum:
$12,022,656
Gross Annuity Payment: $47.0M ÷ 26 = $1.8M
Federal Tax (37%): 1.1M (-$0.7M)
State Tax (8.82%): 1.0M (-$0.2M)
Local Tax (3.88%): 0.9M (-$0.1M)
Final Net Estimated Annuity: $909,342
Powerball launch
Advertised Jackpot $195,000,000
Gross Lump Sum: $99.1
Federal Tax (37%): 62.4M (-$36.7M)
State Tax (8.82%): 53.7M (-$8.7M)
Local Tax (3.88%): 49.9M (-$3.8M)
Final Net Estimated Lump Sum:
$49,851,264
Gross Annuity Payment: $195.0M ÷ 29 = $6.7M
Federal Tax (37%): 4.2M (-$2.5M)
State Tax (8.82%): 3.6M (-$0.6M)
Local Tax (3.88%): 3.4M (-$0.3M)
Final Net Estimated Annuity: $3,382,510
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