Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $240,000,000
Gross Lump Sum: $124.4
Federal Tax (37%): 78.4M (-$46.0M)
State Tax (8.82%): 67.4M (-$11.0M)
Local Tax (3.88%): 62.6M (-$4.8M)
Final Net Estimated Lump Sum:
$62,578,176
Gross Annuity Payment: $240.0M ÷ 26 = $9.2M
Federal Tax (37%): 5.8M (-$3.4M)
State Tax (8.82%): 5.0M (-$0.8M)
Local Tax (3.88%): 4.6M (-$0.4M)
Final Net Estimated Annuity: $4,643,446
Powerball launch
Advertised Jackpot $308,000,000
Gross Lump Sum: $160.1
Federal Tax (37%): 100.9M (-$59.2M)
State Tax (8.82%): 86.7M (-$14.1M)
Local Tax (3.88%): 80.5M (-$6.2M)
Final Net Estimated Lump Sum:
$80,536,704
Gross Annuity Payment: $308.0M ÷ 29 = $10.6M
Federal Tax (37%): 6.7M (-$3.9M)
State Tax (8.82%): 5.8M (-$0.9M)
Local Tax (3.88%): 5.3M (-$0.4M)
Final Net Estimated Annuity: $5,342,632
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