Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $28,000,000
Gross Lump Sum: $12.5
Federal Tax (37%): 7.9M (-$4.6M)
State Tax (8.82%): 6.8M (-$1.1M)
Local Tax (3.88%): 6.3M (-$0.5M)
Final Net Estimated Lump Sum:
$6,288,000
Gross Annuity Payment: $28.0M ÷ 26 = $1.1M
Federal Tax (37%): 0.7M (-$0.4M)
State Tax (8.82%): 0.6M (-$0.1M)
Local Tax (3.88%): 0.5M (-$0.0M)
Final Net Estimated Annuity: $541,735
Powerball launch
Advertised Jackpot $31,000,000
Gross Lump Sum: $13.8
Federal Tax (37%): 8.7M (-$5.1M)
State Tax (8.82%): 7.5M (-$1.2M)
Local Tax (3.88%): 6.9M (-$0.5M)
Final Net Estimated Lump Sum:
$6,941,952
Gross Annuity Payment: $31.0M ÷ 29 = $1.1M
Federal Tax (37%): 0.7M (-$0.4M)
State Tax (8.82%): 0.6M (-$0.1M)
Local Tax (3.88%): 0.5M (-$0.0M)
Final Net Estimated Annuity: $537,732
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