Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $90,000,000
Gross Lump Sum: $39.9
Federal Tax (37%): 25.1M (-$14.8M)
State Tax (8.82%): 21.6M (-$3.5M)
Local Tax (3.88%): 20.1M (-$1.5M)
Final Net Estimated Lump Sum:
$20,071,296
Gross Annuity Payment: $90.0M ÷ 26 = $3.5M
Federal Tax (37%): 2.2M (-$1.3M)
State Tax (8.82%): 1.9M (-$0.3M)
Local Tax (3.88%): 1.7M (-$0.1M)
Final Net Estimated Annuity: $1,741,292
Powerball launch
Advertised Jackpot $264,000,000
Gross Lump Sum: $119.7
Federal Tax (37%): 75.4M (-$44.3M)
State Tax (8.82%): 64.9M (-$10.6M)
Local Tax (3.88%): 60.2M (-$4.6M)
Final Net Estimated Lump Sum:
$60,213,888
Gross Annuity Payment: $264.0M ÷ 29 = $9.1M
Federal Tax (37%): 5.7M (-$3.4M)
State Tax (8.82%): 4.9M (-$0.8M)
Local Tax (3.88%): 4.6M (-$0.4M)
Final Net Estimated Annuity: $4,579,399
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