The combined jackpots for the next Powerball and Mega Millions are over 1 billion here are 8 over-the-top things you could buy if you won

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The Mega Millions jackpot has reached a record high of 848 million.

That's life-changing cash.

Just for fun, check out some of the over-the-top luxuries a winner, or winners, could afford.

Life could change for one — or even a few — lucky people in a matter of moments.

As of Wednesday morning, the Mega Millions jackpot climbed to an estimated 848 million — its highest jackpot ever. The Powerball jackpot reached 345 million. Combined, the two jackpots are worth over 1 billion.

With that much cash on hand, some of the world's finest luxuries suddenly become attainable. After you take the proper steps to secure your cash, of course.

Below, check out eight over-the-top purchases the lottery winner could make, from multi-million dollar real estate to once-in-a-lifetime travel excursions.Make a trip to Ibiza, Spain, to enjoy the most expensive tasting menu in the world at the Hard Rock Hotel. A 13-course dinner for two costs 3,266 and includes DIY cocktails, 360-degree projections, neon dining tables, and dishes that incorporate experimental techniques. Stay in the hotel's Rockstar Suite for about 4,200 a night.

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Source: Business Insider, Hard Rock Hotel, Ibiza

You could buy not one, but two ranches for 50 million. Together, they represent the ultimate luxury Western lifestyle spanning about 7,100 acres with a swimming pool and sauna, an art museum, shooting ranges, tennis courts, and world-class equestrian facilities.

Walt Danley Realty

Source: Business Insider

Of course you'll need staff to maintain your new place or places . A team of basic domestic staff a butler, housekeeper, and chef can cost at least 245,000 a year. Add a driver, nanny, and personal assistant and you're up to 460,000 annually.

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Source: Business Insider

See the rest of the story at Business InsiderSee Also:The Mega Millions jackpot is at a record-high 868 million here's which states spend the most buying lottery ticketsPowerball and Mega Millions have a combined jackpot over 1 billion here are the first 2 things the winners should doFor almost 2 years, no one wanted to buy Warren Buffett's Southern California vacation home, but it finally sold for 7.5 millionSEE ALSO: If you win the Powerball lottery, don't take the payment in a lump sum

DON'T MISS: Here's exactly what to do if you win the 400 million lottery jackpot, according to a financial adviser

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