This Week’s $530M Mega Millions Jackpot Winner Could Purchase Every Single Home For Sale in These Cities

Updated on July 17th, 2019
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Take your pick of Atlantic City,  Cleveland or Milwaukee.

The winner of this week’s $530 million Mega Millions jackpot, the seventh largest in the game’s history, would take home about $261.4 million after taxes if they choose the lump sum.

To put that amount of money into context, we’ve come up with a list of cities where the Mega Millions winner could hypothetically buy every single home for sale in cash. The following is a select list of cities among the nearly 3,000 the lottery winner would be able to purchase with their winnings.

  • All 534 homes for sale in Atlantic City, NJ, arguably the casino capital of the East Coast, for $120.9 million—and they’d still have more than $100 million left over.
  • All 1,267 homes for sale in Cleveland, OH for $214.4 million.
  • All 1,078 homes for sale in Green Bay, WI for $246 million, with more than enough money left over for tickets to see the Packers.
  • All 1,089 homes for sale in Lincoln, NE, the capital of the Cornhusker State, for $261.4 million.
  • All 1,093 homes for sale in Milwaukee, WI for $214.8 million, with more than $30 million left over.
  • All 2,708 homes for sale in North Port, FL, a city in Sarasota County, for $261 million.
  • All 189 homes for sale in beautiful San Luis Obispo, CA for $197.1 million.
  • All 536 homes for sale in Tacoma, WA—one of the nation’s hottest housing markets this spring—for $259.1 million.

Back in April, Manuel Franco of West Allis, Wisconsin won $326 million in a Powerball drawing. At that time, we put together a list of some of the cities in his home state Franco would have been able to purchase with his winnings, which also happened to include Green Bay and Milwaukee.

Methodology

For this report, we used reports of the current Mega Millions jackpot, which would total $261.4 million after taxes if the winner chooses the lump sum, to determine how many homes the winner would hypothetically be able to buy once the contract is paid out. We looked at all the active listings for condos, townhouses and single-family homes in cities around the U.S. to determine which cities in which the winner would be able to purchase every single home for sale.

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dana-olsenredfin-com

As a data journalist at Redfin, Dana Olsen writes about the numbers behind real estate trends. Her dream home is either on the beach or in the mountains, but either way, it has a comfortable window seat and cozy fireplace. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.

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