Estimated Net Jackpots for New York NYC

Where do you live?
Federal Tax Rate: 37.00%

MegaMillions launch

Tuesday June 9th, 2020 Prizes
Advertised Jackpot $410,000,000
Lump Sum Net
$155.04
Million
Annuity Net
$7.93
Million/Year

Gross Lump Sum: $308.2

Federal Tax (37%): 194.2M (-$114.0M)

State Tax (8.82%): 167.0M (-$27.2M)

Local Tax (3.88%): 155.0M (-$11.9M)

Final Net Estimated Lump Sum: $155,036,928

50% of advertised lump sum and 38% of advertised jackpot.

Gross Annuity Payment: $410.0M ÷ 26 = $15.8M

Federal Tax (37%): 9.9M (-$5.8M)

State Tax (8.82%): 8.5M (-$1.4M)

Local Tax (3.88%): 7.9M (-$0.6M)

Final Net Estimated Annuity: $7,932,554

Jackpot data last updated June 6th, 2020.
32 35 37 47 55 22

Powerball launch

Saturday June 6th, 2020 Prizes
Advertised Jackpot $20,000,000
Lump Sum Net
$7.95
Million
Annuity Net
$347
Thousand/Year

Gross Lump Sum: $15.8

Federal Tax (37%): 10.0M (-$5.8M)

State Tax (8.82%): 8.6M (-$1.4M)

Local Tax (3.88%): 7.9M (-$0.6M)

Final Net Estimated Lump Sum: $7,948,032

50% of advertised lump sum and 40% of advertised jackpot.

Gross Annuity Payment: $20.0M ÷ 29 = $0.7M

Federal Tax (37%): 0.4M (-$0.3M)

State Tax (8.82%): 0.4M (-$0.1M)

Local Tax (3.88%): 0.3M (-$0.0M)

Final Net Estimated Annuity: $346,924

Jackpot data last updated June 4th, 2020.
1 3 26 41 64 17
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Don't agree with our estimates? The tax rates we use are available on GitHub and if you are so inclined to update it, feel free to submit a pull request! We'd love to hear your feedback if you don't know how to contribute but have a source for some updated information as well!
I'm In It, Are You? is a free service provided by Salerno Labs LLC for entertainment use only. Follow us on twitter @iminitapp, where we automatically tweet the latest game scores, jackpot information, and tax estimates for upcoming games! We are not affiliated with the entities that run these lotteries. These numbers are estimates based on tax rates we've researched from the internet. There are many factors involved that would change the actual net winnings so it's impossible to predict accurately. Have any questions about our estimates? Feel this is inaccurate?