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New Zealand couple hopes $17 million lottery prize will last generations

Jul 28, 2021, 8:37 am

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InternationalInternational: New Zealand couple hopes $17 million lottery prize will last generationsRating:

A young married couple from Auckland, New Zealand, started their Sunday morning learning they were $17.16 million (US$12.6 million) richer.

The couple, who want to remain anonymous, won Powerball First Division in Saturday night's draw after buying their ticket from West City Lotto in Henderson.

The husband said he was up with his children on Sunday morning while his wife had a "much-deserved" sleep-in. He was on his phone when he saw Powerball had been won by a ticket purchased at one of the stores he and his wife buy Lotto from.

Curious and "bursting with anticipation", he woke up his wife to ask if she had picked up a ticket for Saturday's draw. She said she had and quickly got out of bed to check the ticket straight away.

"My husband and I sat next to each other in bed and I checked the ticket while he read the winning numbers to me. When I realized that we had the first three numbers, my hands started to shake — let alone when we had all six.

"Then I saw we had the winning Powerball number too... we just couldn't believe it. We sat there in total disbelief, checking and rechecking the ticket."

The total win of $17.16 million was made up of $17 million in Powerball First Division and $166,667 from Lotto First Division.

Once they had digested the information, the couple said they got in the car to see family and share the news.

"My husband and I both had tears in our eyes when we arrived, so everyone was pretty worried and thought we had bad news to share. Then we told them we had won $17 million with Powerball and suddenly everyone was crying tears of joy."

To double-check their win, the couple went to their local Lotto store where the self-checker confirmed it. They then tucked the ticket away in a cupboard before taking it to Lotto's head office on Monday.

The couple said the win had changed their lives overnight, and they remained in shock.

"Family is incredibly important to us, so we want to make sure the win lasts for generations," the husband said. "We are just so excited to be able to set up our family for the future — we feel so incredibly lucky."

Lotto New Zealand said this was the 13th Powerball winner and the second-biggest for 2021.

Thanks to dannyct for the tip.

Lottery Post Staff

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10 comments. Last comment 2 months ago by kao1632.
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Simpsonville
United States
Member #163182
January 22, 2015
2692 Posts
Offline

Great story!   Anonymous and I believe tax free too!   

 

Sounds like they have a good plan and certainly the money will outlast them since they seem to be planning accordingly.

Now going to NZ website to read about their lotteries.  Was on a website that had lotteries from all around the world and looked up a few obscure ones.

    Raven62's avatar - binary
    25
    New Jersey
    United States
    Member #17842
    June 28, 2005
    145721 Posts
    Online

    Party Congrats to the Winners! Party

    A mind once stretched by a new idea never returns to its original dimensions!

    Catch-22: A dilemma or difficult circumstance from which there is no escape because of mutually conflicting or dependent conditions.

    Corruptissima re publica plurimae leges: When the republic is at its most corrupt the laws are most numerous.

      ThatScaryChick's avatar - giphy11resized
      Idaho
      United States
      Member #56504
      November 21, 2007
      7180 Posts
      Online

      That's great news to read! Here's hoping their great fortune last for many generations. Big Smile

      "twitter - youtube - steam - instagram"

      ThatScaryChick

        Avatar
        Gallatin Tennesee
        United States
        Member #194096
        November 29, 2018
        85 Posts
        Offline

        Thanks Kate, for yet another great story on the joys of winning. The visual picture you paint of the couple sitting on the bed reading the numbers with their hands shaking in anticipation is a thing of beauty. Congrats to them both and their family.

        Cheers

          CDanaT's avatar - Nolz june15.jpg
          Central TN
          United States
          Member #121187
          January 4, 2012
          5440 Posts
          Offline

          Tucked the ticket into a cupboard Green laugh   Not exactly my first choice ...BUT...it worked for them

          Congrats to the both of you !! Enjoy your newly acquired wealth and here's hoping you both get many future Sunday sleep-ins Thumbs Up

          Integrity: There is just no substitute.

            Avatar
            Marana AZ
            United States
            Member #145335
            August 3, 2013
            271 Posts
            Offline

            God Bless this generous couple for thinking of their family and not just themselves.  People like this deserve their good fortune.

            "Family is incredibly important to us, so we want to make sure the win lasts for generations," the husband said. "We are just so excited to be able to set up our family for the future — we feel so incredibly lucky."

              Avatar

              New Zealand
              Member #177451
              September 29, 2016
              48 Posts
              Offline

              Great story!   Anonymous and I believe tax free too!   

               

              Sounds like they have a good plan and certainly the money will outlast them since they seem to be planning accordingly.

              Now going to NZ website to read about their lotteries.  Was on a website that had lotteries from all around the world and looked up a few obscure ones.

              Yes. 

              What you win is what you get. No tax on winnings in NZ.

                Avatar
                Simpsonville
                United States
                Member #163182
                January 22, 2015
                2692 Posts
                Offline

                Yes. 

                What you win is what you get. No tax on winnings in NZ.

                OK, so if you put it in the bank so to speak and then withdrew monies, is that taxed?   I could swear that's what my Canadian counterparts told me happens there.

                 

                Another great day for the stock market and I feel good.

                  Avatar
                  Marana AZ
                  United States
                  Member #145335
                  August 3, 2013
                  271 Posts
                  Offline

                  According to NZ gov website:  "If you win money from Lotto or Bonus Bonds,  you do not have to pay tax on your prize, but you pay tax on any interest you earn if you invest the money."

                  So bank account interest earned would be taxed, but not the initial prize money.

                    Avatar

                    New Zealand
                    Member #177451
                    September 29, 2016
                    48 Posts
                    Offline

                    OK, so if you put it in the bank so to speak and then withdrew monies, is that taxed?   I could swear that's what my Canadian counterparts told me happens there.

                     

                    Another great day for the stock market and I feel good.

                    If, say, you win NZ$17 million -- it is direct deposited into your bank..

                     

                    You can withdraw money from your bank account without incurring any tax liability on that original NZ$17 million

                     

                    If (and these days it is a big if with banks) you earn interest on that NZ$17 million.. You will be paying tax on that interest  (tax collected by the bank before you see the money).