Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $529,000,000
Gross Lump Sum: $224.2
Federal Tax (37%): 141.2M (-$83.0M)
State Tax (8.82%): 121.5M (-$19.8M)
Local Tax (3.88%): 112.8M (-$8.7M)
Final Net Estimated Lump Sum:
$112,781,568
Gross Annuity Payment: $529.0M ÷ 26 = $20.3M
Federal Tax (37%): 12.8M (-$7.5M)
State Tax (8.82%): 11.0M (-$1.8M)
Local Tax (3.88%): 10.2M (-$0.8M)
Final Net Estimated Annuity: $10,234,929
Powerball launch
Advertised Jackpot $20,000,000
Gross Lump Sum: $8.6
Federal Tax (37%): 5.4M (-$3.2M)
State Tax (8.82%): 4.7M (-$0.8M)
Local Tax (3.88%): 4.3M (-$0.3M)
Final Net Estimated Lump Sum:
$4,326,144
Gross Annuity Payment: $20.0M ÷ 29 = $0.7M
Federal Tax (37%): 0.4M (-$0.3M)
State Tax (8.82%): 0.4M (-$0.1M)
Local Tax (3.88%): 0.3M (-$0.0M)
Final Net Estimated Annuity: $346,924
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