Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $285,000,000
Gross Lump Sum: $195.7
Federal Tax (37%): 123.3M (-$72.4M)
State Tax (8.82%): 106.0M (-$17.3M)
Local Tax (3.88%): 98.4M (-$7.6M)
Final Net Estimated Lump Sum:
$98,444,928
Gross Annuity Payment: $285.0M ÷ 26 = $11.0M
Federal Tax (37%): 6.9M (-$4.1M)
State Tax (8.82%): 5.9M (-$1.0M)
Local Tax (3.88%): 5.5M (-$0.4M)
Final Net Estimated Annuity: $5,514,092
Powerball launch
Advertised Jackpot $130,000,000
Gross Lump Sum: $89.6
Federal Tax (37%): 56.4M (-$33.2M)
State Tax (8.82%): 48.5M (-$7.9M)
Local Tax (3.88%): 45.1M (-$3.5M)
Final Net Estimated Lump Sum:
$45,072,384
Gross Annuity Payment: $130.0M ÷ 29 = $4.5M
Federal Tax (37%): 2.8M (-$1.7M)
State Tax (8.82%): 2.4M (-$0.4M)
Local Tax (3.88%): 2.3M (-$0.2M)
Final Net Estimated Annuity: $2,255,007
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