Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $109,000,000
Gross Lump Sum: $83.2
Federal Tax (37%): 52.4M (-$30.8M)
State Tax (8.82%): 45.1M (-$7.3M)
Local Tax (3.88%): 41.9M (-$3.2M)
Final Net Estimated Lump Sum:
$41,852,928
Gross Annuity Payment: $109.0M ÷ 26 = $4.2M
Federal Tax (37%): 2.6M (-$1.6M)
State Tax (8.82%): 2.3M (-$0.4M)
Local Tax (3.88%): 2.1M (-$0.2M)
Final Net Estimated Annuity: $2,108,898
Powerball launch
Advertised Jackpot $102,000,000
Gross Lump Sum: $80.7
Federal Tax (37%): 50.8M (-$29.9M)
State Tax (8.82%): 43.7M (-$7.1M)
Local Tax (3.88%): 40.6M (-$3.1M)
Final Net Estimated Lump Sum:
$40,595,328
Gross Annuity Payment: $102.0M ÷ 29 = $3.5M
Federal Tax (37%): 2.2M (-$1.3M)
State Tax (8.82%): 1.9M (-$0.3M)
Local Tax (3.88%): 1.8M (-$0.1M)
Final Net Estimated Annuity: $1,769,313
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