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The Iowa Powerball winner reveals what will not change after winning $1.6 billion in the lottery.

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Many Americans will be anxiously checking their tickets after Saturday night's Powerball drawing as the jackpot has swelled to a whopping $1.6 billion.

As previously reported by FOX Business, the total amount for a winner who chooses the cash option would be approximately $782.4 million, making it the largest lottery prize in history.

One Iowa Powerball winner knows what it's like to win millions — and knows firsthand what changes and what doesn't in your life in the days, months, and years following the win.

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"Winning the lottery is exhilarating; it's one of the most potentially life-changing things that can happen," Timothy Schultz told Fox News Digital via email.

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In 1999, Schultz won $29 million in the lottery.

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"One minute you have one life," he explained, "and the next your world is turned upside down."

Money, according to Schultz, can help relieve financial stress, create opportunities, and provide time, but "money does not change who you are as a person."

"There are some very wealthy people in the world who are extremely unhappy. Money can be positive, but it doesn't necessarily fix all problems."

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