The Mega Millions jackpot is an estimated $1.1 Billion for Friday night's drawing but the winner will get much less than that.
The New York withholding is 10%If you live in Yonkers the local withholding is 1.82575%.The Gaming Commission is required by law to withhold federal and New York State income taxes from taxable prizes over $5,000, regardless of the winner's place of residence.
By law, the Gaming Commission is also required to withhold overdue taxes owed to New York State, past-due support, and prior public assistance from any New York Lottery prize of $600 or more.
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