Powerball winner now 'insanely rich' after scooping $20 million prize

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A young western Sydney man has gone from “having little” to becoming “insanely rich” after winning $20 million in last night’s Powerball draw.

Lottery officials confirmed the Liverpool man’s win this morning.

About Powerball
Powerball is an American lottery game offered by 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It is coordinated by the Multi-State Lottery Association (MUSL), a nonprofit organization formed by an agreement with US lotteries. Powerball’s minimum advertised jackpot is $20 million (annuity); Powerball’s annuity is paid in 30 graduated installments or winners may choose a lump sum payment instead. One lump sum payment will be less than the total of the 30 annual payments because of the time value of money and also because one check for a much larger sum will be taxed at a greater rate than 30 checks each at a much lower sum will be taxed.
Drawings for Powerball are held every Wednesday and Saturday evening at 10:59 p.m. Eastern Time. Since October 7, 2015, the game has used a 5/69 (white balls) + 1/26 (Powerballs) matrix from which winning numbers are chosen, resulting in odds of 1 in 292,201,338 of winning a jackpot per play. Each play costs $2 or $3 with the Power Play option. (Originally, Powerball plays cost $1; when PowerPlay began, such games were $2.) The official cutoff for ticket sales is 10:00 p.m. Eastern Time; some lotteries cut off sales earlier. The drawings are held at the Florida Lottery’s studio in Tallahassee. The hosts are Sam Arlen and Laura Johnson.
On January 13, 2016, Powerball produced the largest lottery jackpot in history; the $1.586 billion jackpot was split by three tickets sold in Chino Hills, California, in Munford, Tennessee, and in Melbourne Beach, Florida.

Powerball winner now 'insanely rich' after scooping $20 million prize

About winner
Winner(s) or The Winner(s) may refer to:

Champion, the victor in a game or contest

He had the sole division one winning entry in last night’s Powerball draw 1263, which means he scooped the entire prize.

He said he aimed to spoil himself “a little” with his newfound millions, but also said he had no immediate plans to quit his job.

Powerball winner now 'insanely rich' after scooping $20 million prize

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The Powerball lottery is the biggest ever.
The Powerball winner said he is “insanely rich” after winning the $20 million prize last night. (Supplied)

“There’s certainly a lot to think about. I want to save some for the future and invest some too,” he said.

“I don’t know what I will do with work. I could take it easy or work harder.

“But one thing is for sure, I will certainly be taking some time off to enjoy life as a multi-millionaire.”

The ecstatic winner said he “can’t wait” to share his cash with family and close friends.

“I can’t wait to help my family. I want to buy my parents a house,” he said.

“I can’t travel at the moment, but as soon as I can, I will be straight on a plane to Las Vegas.

“There will be a few little splurges when I first get the money. I want to buy a ski boat and there will be a new car.”

He said he was preparing to go to bed last night when he checked his account to see if he had won something after the Powerball numbers were drawn.

“My heart was racing. I was shaking. I had to call my mum because I was just in total shock. She checked for me as well, and that’s when it started to feel real.”

Last night’s jackpot winner is the seventh Powerball winner of the year. The seven winners have taken home a combined total of $289,995,334.21.

The winning numbers in Powerball draw 1263 yesterday were 24, 3, 30, 19, 27, 9 and 35, while the Powerball number was 1.