Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $843,000,000
Gross Lump Sum: $391.7
Federal Tax (37%): 246.8M (-$144.9M)
State Tax (8.82%): 212.2M (-$34.5M)
Local Tax (3.88%): 197.0M (-$15.2M)
Final Net Estimated Lump Sum:
$197,040,768
Gross Annuity Payment: $843.0M ÷ 26 = $32.4M
Federal Tax (37%): 20.4M (-$12.0M)
State Tax (8.82%): 17.6M (-$2.9M)
Local Tax (3.88%): 16.3M (-$1.3M)
Final Net Estimated Annuity: $16,310,105
Powerball launch
Advertised Jackpot $467,000,000
Gross Lump Sum: $220.7
Federal Tax (37%): 139.0M (-$81.7M)
State Tax (8.82%): 119.6M (-$19.5M)
Local Tax (3.88%): 111.0M (-$8.6M)
Final Net Estimated Lump Sum:
$111,020,928
Gross Annuity Payment: $467.0M ÷ 29 = $16.1M
Federal Tax (37%): 10.1M (-$6.0M)
State Tax (8.82%): 8.7M (-$1.4M)
Local Tax (3.88%): 8.1M (-$0.6M)
Final Net Estimated Annuity: $8,100,679
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