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 Payment	25% 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 Payment	25% 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

New York Pick 10	SUN MON TUE WED THU FRI SAT
04 05 08 17 23 24 25 33 38 47 49 51 57 58 62 63 64 70 73 76 Wed Nov 20, 2024 Last 10 | Calendar | Search Intelli-Combos | Power Picks | Frequency Chart | Overdue Chart Win Checker | News & Payout | Prize Analysis Skip and Hit Analysis	Next Draw: Thu Nov 21, 2024