Everyone dreams of winning the lottery almost as if it seems to be a modern genie that could make all of our worries disappear in an instant. The drawing for the Powerball lottery jackpot will be on Saturday, November 5, and will be the largest jackpot in it's history.  The Powerball jackpot reached a record breaking $1.6 billion after not being won for more than three months and building up.

After taxes and choosing the cash prize a single winner could have an extra $782.4 million in their bank account but what does someone with that much money buy. It is advised to contact a lawyer and the lottery system will know if someone won so it is also advised to wait a little bit before telling a lot of people. In some states winners can remain anonymous or will have to reveal their identity to get that jackpot.

Some major planning is in order before you buy that 90-foot land yacht. If I won the lottery I would pay off my student loans, pay off my car, build my elderly parents a home that is more elderly friend and also get my dream dog, a Xoloitzcuintli. I would also indulge a little bit and probably go on a trip through Europe, maybe purchase or invest in renovating an old building and turning it into affordable housing, or maybe I just hide my new found wealth and become the next Batman. Unfortunately not everyone is able to join in on possibly winning that historic jackpot.

The Powerball lottery is played in 45 states including Washington, D.C., the U.S. Virgin Islands, and Puerto Rico. The five states that do not participate in the lottery are Alabama, Alaska, Hawaii, Nevada, and Utah with some residents crossing state lines to get their chance to win. The drawing for the Powerball jackpot will be at 10:59 Eastern Time, the drawing can be watched online live.

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