Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $714,000,000
Gross Lump Sum: $334.1
Federal Tax (37%): 210.5M (-$123.6M)
State Tax (8.82%): 181.0M (-$29.5M)
Local Tax (3.88%): 168.1M (-$12.9M)
Final Net Estimated Lump Sum:
$168,065,664
Gross Annuity Payment: $714.0M ÷ 26 = $27.5M
Federal Tax (37%): 17.3M (-$10.2M)
State Tax (8.82%): 14.9M (-$2.4M)
Local Tax (3.88%): 13.8M (-$1.1M)
Final Net Estimated Annuity: $13,814,252
Powerball launch
Advertised Jackpot $376,000,000
Gross Lump Sum: $179.3
Federal Tax (37%): 113.0M (-$66.3M)
State Tax (8.82%): 97.1M (-$15.8M)
Local Tax (3.88%): 90.2M (-$6.9M)
Final Net Estimated Lump Sum:
$90,195,072
Gross Annuity Payment: $376.0M ÷ 29 = $13.0M
Federal Tax (37%): 8.2M (-$4.8M)
State Tax (8.82%): 7.0M (-$1.1M)
Local Tax (3.88%): 6.5M (-$0.5M)
Final Net Estimated Annuity: $6,522,174
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