Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $385,000,000
Gross Lump Sum: $154.8
Federal Tax (37%): 97.5M (-$57.3M)
State Tax (8.82%): 83.9M (-$13.7M)
Local Tax (3.88%): 77.9M (-$6.0M)
Final Net Estimated Lump Sum:
$77,870,592
Gross Annuity Payment: $385.0M ÷ 26 = $14.8M
Federal Tax (37%): 9.3M (-$5.5M)
State Tax (8.82%): 8.0M (-$1.3M)
Local Tax (3.88%): 7.4M (-$0.6M)
Final Net Estimated Annuity: $7,448,862
Powerball launch
Advertised Jackpot $562,000,000
Gross Lump Sum: $230.4
Federal Tax (37%): 145.2M (-$85.2M)
State Tax (8.82%): 124.8M (-$20.3M)
Local Tax (3.88%): 115.9M (-$8.9M)
Final Net Estimated Lump Sum:
$115,900,416
Gross Annuity Payment: $562.0M ÷ 29 = $19.4M
Federal Tax (37%): 12.2M (-$7.2M)
State Tax (8.82%): 10.5M (-$1.7M)
Local Tax (3.88%): 9.7M (-$0.8M)
Final Net Estimated Annuity: $9,748,568
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