Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $413,000,000
Gross Lump Sum: $170.3
Federal Tax (37%): 107.3M (-$63.0M)
State Tax (8.82%): 92.3M (-$15.0M)
Local Tax (3.88%): 85.7M (-$6.6M)
Final Net Estimated Lump Sum:
$85,667,712
Gross Annuity Payment: $413.0M ÷ 26 = $15.9M
Federal Tax (37%): 10.0M (-$5.9M)
State Tax (8.82%): 8.6M (-$1.4M)
Local Tax (3.88%): 8.0M (-$0.6M)
Final Net Estimated Annuity: $7,990,597
Powerball launch
Advertised Jackpot $635,000,000
Gross Lump Sum: $267.5
Federal Tax (37%): 168.5M (-$99.0M)
State Tax (8.82%): 144.9M (-$23.6M)
Local Tax (3.88%): 134.6M (-$10.4M)
Final Net Estimated Lump Sum:
$134,563,200
Gross Annuity Payment: $635.0M ÷ 29 = $21.9M
Federal Tax (37%): 13.8M (-$8.1M)
State Tax (8.82%): 11.9M (-$1.9M)
Local Tax (3.88%): 11.0M (-$0.8M)
Final Net Estimated Annuity: $11,014,841
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