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$100 million lottery after taxes in New York

A $100 million jackpot in New York is about $27,092,000 after tax as a lump sum (the 52% cash value, taxed), or $52,100,000 total over the 30-year annuity. New York taxes winnings at 10.9%. Compare both below.

📅 Updated for the 2026 tax year · built from primary IRS & state sources

Lump sum (cash) after tax
$27,092,000
from $52,000,000 cash value
Annuity after tax (30 yrs)
$52,100,000
$1,736,667/yr for 30 years

Tax breakdown

Lump sum
Cash value$52,000,000
Federal (37%)− $19,240,000
State (10.9%)− $5,668,000
Net$27,092,000
Annuity (total over 30 yrs)
Advertised jackpot$100,000,000
Federal (37%)− $37,000,000
State (10.9%)− $10,900,000
Net$52,100,000

New York taxes winnings at 10.9% (city tax may also apply). Federal shown at the top 37% rate; 24% is withheld up front.

PC
Built from primary IRS & state tax sources
Updated for the 2026 tax yearHow we calculate →

How a $100 million jackpot is taxed in New York

Lump sum (cash value ≈ 52%): $52,000,000
− Federal 37% + New York 10.9%: $24,908,000
= Lump sum after tax: $27,092,000

Federal shown at the top 37% rate (24% withheld up front). Cash value varies by drawing. State rules are lottery-specific and exclude city taxes.

Frequently asked questions

How much is a $100 million jackpot after taxes in New York?

As a lump sum, about $27,092,000 (the 52% cash value of $52,000,000, less 37% federal and 10.9% state tax). As a 30-year annuity, about $52,100,000 total, or $1,736,667/year.

Should I take the lump sum or annuity on $100 million?

The lump sum gives you $27,092,000 now to invest; the annuity pays $1,736,667/year after tax for 30 years ($52,100,000 total). The annuity yields more headline dollars and spreads tax, but the lump sum offers control — it depends on your investing discipline.

Does New York tax lottery winnings?

Yes — New York taxes lottery winnings at about 10.9%, on top of 37% federal (and any city tax).

Other jackpots

$100 million jackpot in other states

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