Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $430,000,000
Gross Lump Sum: $191.2
Federal Tax (37%): 120.5M (-$70.7M)
State Tax (8.82%): 103.6M (-$16.9M)
Local Tax (3.88%): 96.2M (-$7.4M)
Final Net Estimated Lump Sum:
$96,181,248
Gross Annuity Payment: $430.0M ÷ 26 = $16.5M
Federal Tax (37%): 10.4M (-$6.1M)
State Tax (8.82%): 9.0M (-$1.5M)
Local Tax (3.88%): 8.3M (-$0.6M)
Final Net Estimated Annuity: $8,319,508
Powerball launch
Advertised Jackpot $258,000,000
Gross Lump Sum: $115.6
Federal Tax (37%): 72.8M (-$42.8M)
State Tax (8.82%): 62.6M (-$10.2M)
Local Tax (3.88%): 58.2M (-$4.5M)
Final Net Estimated Lump Sum:
$58,151,424
Gross Annuity Payment: $258.0M ÷ 29 = $8.9M
Federal Tax (37%): 5.6M (-$3.3M)
State Tax (8.82%): 4.8M (-$0.8M)
Local Tax (3.88%): 4.5M (-$0.3M)
Final Net Estimated Annuity: $4,475,321
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