Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $423,000,000
Gross Lump Sum: $196.5
Federal Tax (37%): 123.8M (-$72.7M)
State Tax (8.82%): 106.5M (-$17.3M)
Local Tax (3.88%): 98.8M (-$7.6M)
Final Net Estimated Lump Sum:
$98,847,360
Gross Annuity Payment: $423.0M ÷ 26 = $16.3M
Federal Tax (37%): 10.2M (-$6.0M)
State Tax (8.82%): 8.8M (-$1.4M)
Local Tax (3.88%): 8.2M (-$0.6M)
Final Net Estimated Annuity: $8,184,074
Powerball launch
Advertised Jackpot $99,000,000
Gross Lump Sum: $46.3
Federal Tax (37%): 29.2M (-$17.1M)
State Tax (8.82%): 25.1M (-$4.1M)
Local Tax (3.88%): 23.3M (-$1.8M)
Final Net Estimated Lump Sum:
$23,290,752
Gross Annuity Payment: $99.0M ÷ 29 = $3.4M
Federal Tax (37%): 2.2M (-$1.3M)
State Tax (8.82%): 1.8M (-$0.3M)
Local Tax (3.88%): 1.7M (-$0.1M)
Final Net Estimated Annuity: $1,717,274
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