Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $800,000,000
Gross Lump Sum: $344.2
Federal Tax (37%): 216.8M (-$127.4M)
State Tax (8.82%): 186.5M (-$30.4M)
Local Tax (3.88%): 173.1M (-$13.3M)
Final Net Estimated Lump Sum:
$173,146,368
Gross Annuity Payment: $800.0M ÷ 26 = $30.8M
Federal Tax (37%): 19.4M (-$11.4M)
State Tax (8.82%): 16.7M (-$2.7M)
Local Tax (3.88%): 15.5M (-$1.2M)
Final Net Estimated Annuity: $15,478,154
Powerball launch
Advertised Jackpot $633,000,000
Gross Lump Sum: $277.3
Federal Tax (37%): 174.7M (-$102.6M)
State Tax (8.82%): 150.2M (-$24.5M)
Local Tax (3.88%): 139.5M (-$10.7M)
Final Net Estimated Lump Sum:
$139,492,992
Gross Annuity Payment: $633.0M ÷ 29 = $21.8M
Federal Tax (37%): 13.8M (-$8.1M)
State Tax (8.82%): 11.8M (-$1.9M)
Local Tax (3.88%): 11.0M (-$0.8M)
Final Net Estimated Annuity: $10,980,149
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