One winner claims massive $311 MILLION Powerball win

One lotto player has won a massive $238 million ($A311m) in Powerball and is set to make a very big decision regarding their prize.

The draw was announced on Saturday and according to local news station WFLA, the last time someone won the Powerball jackpot was on January 30.

It doesn't appear any information about the winner has been released, apart from the lucky American residing in Florida.

WFLA reported the ticket was purchased at Publix in Lutz.

One lottery player in Florida won $311,885,672 in Powerball. Source: Getty Images
One lottery player in Florida won $311,885,672 in Powerball. Source: Getty Images

The sole division one winner will have the option of getting their winnings in annual installments or taking a lump sum of $160 million ($A209 million).

"If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years. The annual payments increase by 5 per cent until the 30th and final payment," Powerball explains on its website.

"The 30 payments added up equal the value of the annuity."

If the winner dies before receiving all of the annual payments, the remaining amount is given to their estate.

Earlier in March, a woman from Sydney's eastern suburbs won $50 million playing the Australian edition of Powerball.

"The weather has been absolutely crap and so I wasn’t even going to buy a ticket because I didn’t want to go out. I also thought there’s no way I would be the winner," she said.

"But at the last minute, I had to duck out so I thought I would try my luck."

Do you have a story tip? Email:

You can also follow us on Facebook, Instagram and Twitter and download the Yahoo News app from the App Store or Google Play.