Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $576,000,000
Gross Lump Sum: $253.9
Federal Tax (37%): 160.0M (-$93.9M)
State Tax (8.82%): 137.6M (-$22.4M)
Local Tax (3.88%): 127.7M (-$9.8M)
Final Net Estimated Lump Sum:
$127,721,856
Gross Annuity Payment: $576.0M ÷ 26 = $22.2M
Federal Tax (37%): 14.0M (-$8.2M)
State Tax (8.82%): 12.0M (-$2.0M)
Local Tax (3.88%): 11.1M (-$0.9M)
Final Net Estimated Annuity: $11,144,271
Powerball launch
Advertised Jackpot $416,000,000
Gross Lump Sum: $186.6
Federal Tax (37%): 117.6M (-$69.0M)
State Tax (8.82%): 101.1M (-$16.5M)
Local Tax (3.88%): 93.9M (-$7.2M)
Final Net Estimated Lump Sum:
$93,867,264
Gross Annuity Payment: $416.0M ÷ 29 = $14.3M
Federal Tax (37%): 9.0M (-$5.3M)
State Tax (8.82%): 7.8M (-$1.3M)
Local Tax (3.88%): 7.2M (-$0.6M)
Final Net Estimated Annuity: $7,216,022
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