The winner—a family man from Brisbane—has chosen to remain anonymous, but the lottery representative who placed the call says there was a long silence after he'd given the winner the good news.
Then when the man eventually broke the silence he summed up his emotions in just two words: "That's cool."
Later he added: "We'll take our time and do the right thing with this prize money."
Australia Powerball drawings are held on Thursday evenings at 20:30 (AEST). The overall odds of winning Division One prize are 1 in 76,767,600.