New York(NY) Pick 10 Prize Analysis

New York(NY) Pick 10 Prize Analysis
As legally required by the state of New York, taxes are withheld on lottery winnings of 600USD or more. For prizes greater than 5,000USD, US citizens and resident aliens having a social security number have their prizes reduced with 25%, which represents the federal taxes. The New York state tax rate for lottery winning sits at 8.82%, with New York City withholding 3.876% and Yonkers withholding 1.323%. For more information on taxes for lottery winnings in the state of New York, click here.

New York(NY) Pick 10 pays $500,000.00 cash prize if player matches 10 winning numbers.

The federal tax liability is $125,000.00. The state tax liability is $44,100.00. The net payment after tax withholding is going to be $330,900.00. Please note residents of New York City and Yonkers are subject to extra local tax liabilities.

Please see below for detailed New York(NY) Lotto Winning Prizes Analysis.


Match 10 Numbers - Jackpot: $500,000.00 Cash
Gross Cash Payment25% Federal
Withholding
8.82% State
Withholding
Net Cash Payment
$500,000.00-$125,000.00-$44,100.00$330,900.00
New York City Resident
3.876% Local Tax Withholding
-$19,380.00
Net Cash Payment
$311,520.00
Yonkers Resident
1.323% Local Tax Withholding
-$6,615.00
Net Cash Payment
$324,285.00

Match 9 Numbers: $6,000.00 Cash
Gross Cash Payment25% Federal
Withholding
8.82% State
Withholding
Net Cash Payment
$6,000.00-$1,500.00-$529.20$3,970.80
New York City Resident
3.876% Local Tax Withholding
-$232.56
Net Cash Payment
$3,738.24
Yonkers Resident
1.323% Local Tax Withholding
-$79.38
Net Cash Payment
$3,891.42

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Mon Sep 25, 2017 Last 10 | Calendar | Search
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New York(NY) Pick 10 Latest Drawing Results
Next Draw: Tue Sep 26, 2017








 
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