Estimated Net Jackpots for New York NYC
Federal Tax Rate: 37.00%
MegaMillions launch
Advertised Jackpot $181,000,000
Gross Lump Sum: $82.7
Federal Tax (37%): 52.1M (-$30.6M)
State Tax (8.82%): 44.8M (-$7.3M)
Local Tax (3.88%): 41.6M (-$3.2M)
Final Net Estimated Lump Sum:
$41,601,408
Gross Annuity Payment: $181.0M ÷ 26 = $7.0M
Federal Tax (37%): 4.4M (-$2.6M)
State Tax (8.82%): 3.8M (-$0.6M)
Local Tax (3.88%): 3.5M (-$0.3M)
Final Net Estimated Annuity: $3,501,932
Powerball launch
Advertised Jackpot $215,000,000
Gross Lump Sum: $98.4
Federal Tax (37%): 62.0M (-$36.4M)
State Tax (8.82%): 53.3M (-$8.7M)
Local Tax (3.88%): 49.5M (-$3.8M)
Final Net Estimated Lump Sum:
$49,499,136
Gross Annuity Payment: $215.0M ÷ 29 = $7.4M
Federal Tax (37%): 4.7M (-$2.7M)
State Tax (8.82%): 4.0M (-$0.7M)
Local Tax (3.88%): 3.7M (-$0.3M)
Final Net Estimated Annuity: $3,729,434
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