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What happens when you win the lottery?
01:22 - Source: CNN
CNN  — 

All week, the climbing Mega Millions and Powerball jackpots have been awakening the frivolous dreamers inside of us. Come on, who can resist entertaining some “what ifs” when the money at stake is over a billion dollars?

To recap, no one’s won the big Powerball or Mega Millions payout for a long time, so now the jackpots are sinfully high. The Powerball pot is $470 million, and the top Mega Millions prize is a cool $1.6 billion. That makes it the largest drawing in US lottery history.

Granted, those numbers get pared down a LOT once cash value calculations and good old Uncle Sam get a hold of the winnings. But still, it’s an obscene amount of money.

For some context, Taylor Swift’s net worth is reportedly around $300 million. If you win the Mega Millions, you could take home $904 million and be almost three times as rich as her with absolutely none of the work. Are you familiar with the Commonwealth of Dominica, a small island country in the West Indies? Their 2017 GDP was $562 million. You could literally be almost twice as rich as an entire country.

CHICAGO, IL - DECEMBER 17:  A machine prints a Mega Millions lottery ticket for a customer at a convenience store on December 17, 2013 in Chicago, Illinois. The jackpot is currently the second largest in U.S. history.  (Photo by Scott Olson/Getty Images)
History of the lottery
01:23 - Source: CNN

Even if you only won the Powerball jackpot and had to settle for the $248 million cash value payout, like a peasant, you could still be worth 0.82 Taylor Swifts and finally afford a comfortable two-bedroom in San Francisco.

The Mega Millions drawing Friday had no winners. The next one is Tuesday while the next Powerball drawing is Saturday.


READ: These are your odds of winning Powerball or Mega Millions.

READ: What not to do when you win the lottery