The hunt is on for Ireland's latest lottery millionaire after one winner hit the jackpot in the multi-country Euro Millions lottery game.
"There was one winner of the EuroMillions Jackpot," a National Lottery spokesperson said.
"The winning ticket was sold in Ireland."
The winning EuroMillions numbers on Friday, September 19, 2014, were 6, 8, 34, 38, and 48 and the two Lucky Stars were 3 and 9. The jackpot was worth €86.7 million, which equates to $111.3 million in US Dollars.
The win is the third highest ever recorded in the country.
Dolores McNamara won a staggering €115 million (US$147.7 million) in a draw back in 2005 and a mystery player scooped €94 million (US$120.7 million) on a ticket sold from a Mace shop in Beaumont, Dublin 9 in June 2013.
Ms. McNamara has kept a low profile since then.
The latest EuroMillions winner will be catapulted onto the Irish Rich List if he or she is a solo winner — ahead of the likes of Van Morrison (€63m) and dwarfing the fortune of One Direction's Niall Horan (€17m).
The Lottery has indicated that it won't be revealing the shop or even the country where the winning ticket was sold until the winner makes contact.
"There is a very different protocol to the lottery where we release the agent details the day after the draw," the spokesperson said.
"For the EuroMillions, we wait until the person has time to come forward given the size of the jackpots, and the amount of money that they win, and give them time to come to terms with that."
It is the fourth big win by an Irish player in little over a year — including an Irish family who won €15m earlier this year.
The win brings to almost €650m the amount won by Irish EuroMillions players since 2004.
Winner can live like a king on just the interest
Friday's lucky winner will not have to touch a cent of their winnings and can still live like royalty.
Based on the current Bank of Ireland 12-month personal savings interest rate of 1.55%, the lucky winner will accrue about €1,330,000 interest after just 12 months.
Even with the DIRT tax at a punitive 41%, the holder of the winning ticket would still have an annual income of about €784,000 without touching a penny of their €86.7m fortune.
The National Lottery advises that if you are the winner that you should keep the ticket safe and make sure that you sign the back.
Their office opens during the week at 9:15 am to await a phone call from the lucky winner.
The company knows where the ticket was bought, but will keep it secret for some days to allow the winner time to process their win.
"For the EuroMillions we wait until the person has time to come forward, given the size of the jackpots and the amount of money that they win, and give them time to come to terms with that," a spokesperson said.
Thanks to myturn for the tip.
"For the EuroMillions we wait until the person has time to come forward, given the size of the jackpots and the amount of money that they win, and give them time to come to terms with that," a spokesperson said.
I WOULD LOVE TO HAVE THE OPPORTUNITY TO COME 2 TERMS WITH THAT!!!!
1.55% is 6 times higher than the current interest rate of .25% being paid at most U.S. banks.
$1.7 million before taxes being paid on the principal each year is something most of us could live with.
It’s been their family estate for 350 years, but yesterday the Cooper family confirmed that they are selling Markree Castle, one of Co Sligo’s most historic houses. The price tag is believed to be €3.1 million.
I read the above article in an Irish newspaper, if I was lucky enough to win a massive jackpot, I would buy such a castle to renovate and turn into a hotel.
Discounts for lotterypost members!
A very nice jackpot! Congrats to whoever won it.
With PowerBall at $225M you have a chance at winning that opportunity if you really want it. At $2/chance I'll pass on it.
If I won a large jackpot, I too would love to buy a castle.
Congratulations to the winners. Hope they are able to manage their win well.
No castle for me as I would "settle" for a moderate custom built home in a nice safe and secure neighborhood.
no castle for me either, but I'd love to find a nice swatch of land to build on
You can buy this one 2 hours from me.https://www.youtube.com/watch?v=3AzyuOmEhrw
Congratulation to the winner/s....
I hope they get all their ducks in line before coming forward. Patience is needed here.
Congratulations to the Winners
Congratulations EuroMillions BIG jackpot winner(s)!
Wow, Ireland legal citizen savers sure do get punished in Ireland! If this citizen invests their savings, Ireland's federal government gets a 40% cut of interest earned each year!!!
You got that right. It's been a while since I checked, but even jumbo 5-yr. CDs don't pay much more than that. I haven't taken out a loan in a long time, either, but there's sure a big difference on what you get for keeping money in a bank and what you have to pay for borrowing some. I know a business has to make a profit, but...I guess they have us over a barrel. Oh well, at least it's better than a pawn shop. Here in Texas if you pawn something for less than $200, the interest rate is 240%. (10% /month)
At least the winner will be able to remain anonymous, which should make it easier to manage the money.
Awesome win!!!
Our federal government is pretty close with a top tier rate of 39.6% but you may also have to factor in the states cut if you happen to live in a state that charges an income tax.
A nice parcel would be my 2nd choice if I couldn't find an ideal existing home.
Many banks in Europe charge you to keep your own money in their bank.
A 4000 square foot house on 5 acres would suit me just fine!
I can't argue with that!
Deposit Interest Retention Tax
Deposit Interest Retention Tax (D.I.R.T.), at the rate of 41% (from the 1st January 2014) is deducted at source by deposit takers (e.g. banks, building societies, Credit Unions, Post Office Savings Bank, etc.) from interest paid or credited on deposits of Irish residents.
Irish Revenue
Hi Skibunnylk, my comment wasn't about an Ireland Legal Citizen's Income Taxes. Just their way higher 40% Savings Interest/Dividends Taxes.
Anyhow, in regards to Ireland's Legal Citizen Income Taxes, at 51% Income Tax Rate, they still pay more than 95% of U.S. of A. Legal Citizen Income Tax payers.
I don't know if Ireland Residents (legal, illegal or visa) additionally pay a "Sales Tax" and "Food Tax" when purchasing items at a local store.
Cheers mate!