New York(NY) Powerball Prize Analysis for Sat May 18, 2019
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.
- For the Cash Option in the amount of $168.9 million , the federal tax that must be withheld is $42,225,000.00, while the state tax is $14,896,980.00. After all the taxes are paid, the winner gets a net lump-sum payment of $111,778,020.00.
- For the Annuity option in the amount of $270 million , the winner gets paid in 30 annual payments in the average amount of $9,000,000.00 per year. The average federal tax liability is $2,250,000.00 per year. The average state tax liability is $793,800.00 yearly. The average net lump-sum payment after tax withholding is going to be $5,956,200.00 per year. Please Note: Powerball annuity payments are NOT allocated evenly by years. The payments increase annually in a 30 year period. Please see below for the detailed payment schedule.
- Residents of New York City and Yonkers are subject to extra local tax liabilities.
Winning Lottery Numbers for May 18, 2014
Midday New York Numbers — 873; Lucky Sum — 18
Midday New York Win 4 — 4003; Lucky Sum — 7
New York Numbers — 373; Lucky Sum — 13
New York Win 4 — 3022; Lucky Sum — 7
New York Take 5 — 2, 4, 17, 18, 22
New York Pick 10 — 5, 9, 10, 15, 25, 27, 28, 31, 34, 39, 40, 42, 51, 60, 66, 67, 69, 72, 75, 80
Midday New Jersey Pick 3 — 323
Midday New Jersey Pick 4 — 0678
New Jersey Pick 4 — 2113
New Jersey Cash 5 — 16, 33, 37, 38, 39
Connecticut Midday 3 — 081
Connecticut Midday 4 — 8290
Connecticut Daily — 535
Connecticut Play 4 — 2414
Connecticut Cash 5 — 5, 13, 17, 21, 23
New York Lotto — 4, 5, 19, 21, 23, 29; Bonus, 59
New York Take 5 — 4, 8, 23, 24, 37
Connecticut Daily — 918
Connecticut Play 4 — 5112
Connecticut Cash 5 — 8, 14, 16, 20, 29
Powerball — 23, 32, 39, 47, 49; powerball, 22; power play, 3
Lottery numbers for New York, New Jersey and Connecticut. ]]>