Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $277,000,000
Gross Lump Sum: $120.4
Federal Tax (37%): 75.9M (-$44.5M)
State Tax (8.82%): 65.2M (-$10.6M)
Local Tax (3.88%): 60.6M (-$4.7M)
Final Net Estimated Lump Sum:
$60,566,016
Gross Annuity Payment: $277.0M ÷ 26 = $10.7M
Federal Tax (37%): 6.7M (-$3.9M)
State Tax (8.82%): 5.8M (-$0.9M)
Local Tax (3.88%): 5.4M (-$0.4M)
Final Net Estimated Annuity: $5,359,311
Powerball launch
Advertised Jackpot $86,000,000
Gross Lump Sum: $37.8
Federal Tax (37%): 23.8M (-$14.0M)
State Tax (8.82%): 20.5M (-$3.3M)
Local Tax (3.88%): 19.0M (-$1.5M)
Final Net Estimated Lump Sum:
$19,014,912
Gross Annuity Payment: $86.0M ÷ 29 = $3.0M
Federal Tax (37%): 1.9M (-$1.1M)
State Tax (8.82%): 1.6M (-$0.3M)
Local Tax (3.88%): 1.5M (-$0.1M)
Final Net Estimated Annuity: $1,491,774
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