Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $212,000,000
Gross Lump Sum: $128.5
Federal Tax (37%): 81.0M (-$47.5M)
State Tax (8.82%): 69.6M (-$11.3M)
Local Tax (3.88%): 64.6M (-$5.0M)
Final Net Estimated Lump Sum:
$64,640,640
Gross Annuity Payment: $212.0M ÷ 26 = $8.2M
Federal Tax (37%): 5.1M (-$3.0M)
State Tax (8.82%): 4.4M (-$0.7M)
Local Tax (3.88%): 4.1M (-$0.3M)
Final Net Estimated Annuity: $4,101,711
Powerball launch
Advertised Jackpot $166,000,000
Gross Lump Sum: $102.9
Federal Tax (37%): 64.8M (-$38.1M)
State Tax (8.82%): 55.8M (-$9.1M)
Local Tax (3.88%): 51.8M (-$4.0M)
Final Net Estimated Lump Sum:
$51,762,816
Gross Annuity Payment: $166.0M ÷ 29 = $5.7M
Federal Tax (37%): 3.6M (-$2.1M)
State Tax (8.82%): 3.1M (-$0.5M)
Local Tax (3.88%): 2.9M (-$0.2M)
Final Net Estimated Annuity: $2,879,470
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 12/15/2018
#megamillions Maryland Lottery Looking for $1 Million Winner! 12/10/2018
#megamillions Record Mega Millions Jackpot Won in South Carolina 10/24/2018
#megamillions Mega Millions Jackpot Skyrockets to All-Time World Record: $1.6 Billion 10/20/2018
#megamillions Up Next: A Whopping $868 Million Mega Millions Jackpot! 10/17/2018
#megamillions Mega Millions Jackpot Jumps to New Record $667 Million 10/16/2018
#megamillions Dueling Mega Millions, Powerball Jackpots Now Total $999 Million 10/15/2018
#megamillions Mega Millions jackpot gets to record territory! 10/13/2018
#megamillions Mega Millions jackpot soars to $548 million! 10/10/2018
#megamillions October heats up as the Mega Millions jackpot grows! 10/06/2018