Watch CBS News

Mega Millions Reaches $1B: Enough To Buy All Single-Family Homes Listed In Sacramento

SACRAMENTO (CBS13) - What would be the first thing you'd buy if you won the Mega Millions jackpot, which as of Friday morning has hit the $1 billion mark?

A billion dollars is a lot of money, but a number that large is actually pretty hard to quantify.

To put things into perspective, that jackpot could buy you all of the single-family homes listed on the market in Sacramento County at the moment, according to appraiser Ryan Lundquist.

That's more than 2,000 homes.

Of course, the $1 billion jackpot refers to the annuity option, which pays out that amount over 29 years. Most people will probably just take the cash option, which according to the lottery would pay out $565 million.

The reason why the Mega Millions jackpot has gotten this high is because no one has matched all six numbers since July 24.

Your odds of winning? One in 302.5 million.


View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.