Estimated Net Jackpots for New York NYC

Where do you live? Arizona : 5.00% Arkansas : 7.00% California : 0.00% Colorado : 4.00% Connecticut : 6.50% Delaware : 0.00% Georgia : 6.00% Idaho : 7.80% Illinois : 5.00% Indiana : 3.40% Iowa : 5.00% Kansas : 5.00% Kentucky : 6.00% Louisiana : 5.00% Maine : 5.00% Maryland : 7.75% Massachusetts : 5.00% Michigan : 4.35% Minnesota : 7.25% Missouri : 4.00% Montana : 10.00% Nebraska : 5.00% New Hampshire : 10.00% New Jersey : 8.00% New Mexico : 6.00% New York : 8.82% New York - NYC: 8.82% +3.88% New York - Yonkers: 8.82% +1.32% North Carolina : 7.00% North Dakota : 5.54% Ohio : 6.00% Oklahoma : 4.00% Oregon : 8.00% Pennsylvania : 0.00% Rhode Island : 7.00% South Carolina : 7.00% South Dakota : 0.00% Tennessee : 0.00% Texas : 0.00% Vermont : 6.00% Virginia : 4.00% Washington : 0.00% Washington D.C. : 8.50% West Virginia : 6.00% Wisconsin : 7.75%

Federal Tax Rate: 37.00%

MegaMillions launch Lump Sum Net $ 8.75 Million Annuity Net $ 426 Thousand/Year Show Calculations speaker_notes Gross Lump Sum: $17.4 Federal Tax (37%): 11.0M (-$6.4M) State Tax (8.82%): 9.4M (-$1.5M) Local Tax (3.88%): 8.8M (-$0.7M) Final Net Estimated Lump Sum: $8,752,896

50% of advertised lump sum and 40% of advertised jackpot. Gross Annuity Payment: $22.0M ÷ 26 = $0.8M Federal Tax (37%): 0.5M (-$0.3M) State Tax (8.82%): 0.5M (-$0.1M) Local Tax (3.88%): 0.4M (-$0.0M) Final Net Estimated Annuity: $425,649 26 29 41 52 64 11 Powerball launch Lump Sum Net $ 8.05 Million Annuity Net $ 347 Thousand/Year Show Calculations speaker_notes Gross Lump Sum: $16.0 Federal Tax (37%): 10.1M (-$5.9M) State Tax (8.82%): 8.7M (-$1.4M) Local Tax (3.88%): 8.0M (-$0.6M) Final Net Estimated Lump Sum: $8,048,640

50% of advertised lump sum and 40% of advertised jackpot. Gross Annuity Payment: $20.0M ÷ 29 = $0.7M Federal Tax (37%): 0.4M (-$0.3M) State Tax (8.82%): 0.4M (-$0.1M) Local Tax (3.88%): 0.3M (-$0.0M) Final Net Estimated Annuity: $346,924 10 17 31 51 53 1

Don't agree with our estimates? The tax rates we use are available on GitHub and if you are so inclined to update it, feel free to submit a pull request! We'd love to hear your feedback if you don't know how to contribute but have a source for some updated information as well!