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A syndicate of six young traders from Sydney, Australia, are planning to retire after they own a $16.4m jackpot in the Australian Powerball draw held on October 19.

The six syndicate members have asked to remain anonymous, just like the $1m Wednesday Lotto winner from Western Australia.

We do know that the lucky players are all in their 20s and their winning ticket matched 08-09-11-17-31-34 and the Powerball 16 to scoop the Australian Powerball top prize. Each of the syndicate members will take home just over $2.73 million. The syndicate didn’t even need to touch their winning ticket having purchased it online.

Receiving news of a big win is always going to be a shock. When New South Wales Lotteries contacted the syndicate leader with the news of their win, all he could say was “Are you kidding me?! “Oh my god! That’s mad! Sweet!” Then he said, “How do I get it?”

They are the latest syndicate to win a big lottery prize. In June of this year a syndicate from Western Sydney won a $30m Australian Powerball prize. Also celebrating in Sydney were a syndicate that landed a $40m Australian Powerball jackpot.

He already has plans for his Australian Powerball winnings and is looking forward to paying off the loan on his house, then buying a house and then another one. At the time of the interview, he hadn’t actually told the other syndicate members that they were millionaires and thinks they might take a bit of convincing. “I don’t think they’ll believe me. Every time I usually tell them ‘boys, we’ve lost again!’,” he said. In Canada, the leader of a $10m Lotto Max jackpot winning syndicate had a few problems convincing people they had won.

The Australian Powerball syndicate was formed earlier this year. They had to wait a bit longer for their big win than a group of croupiers from Montreal in Canada, who won a $1m Lotto Max prize in their first draw.

Talking about the syndicate members, their leader joked “We’re all hardworking… except for one of us.” Now all the syndicate members are millionaires thanks to their Australian Powerball win, they’ll quit their jobs. “We’re all going to quit at the same time! I’m never going to work again!” said the now-retired syndicate leader. That’s just what a man from the Gold Coast did after he scooped a $4m Tatts Lotto jackpot.

Lady Luck could be around anytime, so just purchase your tickets online at