What the Gisborne $28.5m Lotto winner could buy close to home

A lotto retailer.

One Gisborne local went to bed on Saturday an ordinary Kiwi, and woke up $28.5 million richer.

The winning Powerball ticket was sold at Grant Bros Homeware & Gifts on Gladstone Rd — and it's got the whole district wondering exactly what that kind of money could buy.

Store owner Renee Grant is still coming to terms with it.

"It was definitely a big shock when we got the call to let us know, it's unbelievable," she told 1News.

"It's a phenomenal amount for anyone to win but to be the store to sell that, it's quite a shock and quite a lot to get your head around."

Gisborne's population sits at around 52,700. If the mystery winner were to split the windfall evenly across the district, $28.5 million works out to roughly $541 for every single person— man, woman and child.

Or, more generously: a $1000 handout to 28,500 people — more than half the district's population — or a life-changing $1 million each to 28 lucky mates.

Overlooking the town of Gisborne, New Zealand from Kaiti Hill.

But if the winner were to keep the cash and invest in property, REINZ's March 2026 figures put Gisborne's regional median house price at $640,000. On that basis, $28.5 million is enough to buy about 44 average homes outright.

Even in Whataupoko, Gisborne's most expensive suburb with a median of $783,750, the winner could still buy around 36 properties mortgage-free.

Gisborne's property market does have something with a bit more flair on offer.

Acton Estate — a 740sqm, 10-bedroom historic property on 8.52 hectares, complete with a billiards room, formal lounge, commercial kitchen, tennis court, golf course, and its own barn and stables — is currently listed with inquiries north of $5 million.

The 117-year-old estate is a registered NZ Historic Places Trust building, has done stints as a hotel, B&B, wedding venue and company guest house, and comes with grand gardens, heirloom orchards and specimen trees thrown in.

The Gisborne win comes just days before a major shake-up to the game.

From September 13, the number of Powerballs will rise from 10 to 14, and the maximum Powerball jackpot will lift from $50 million to $60 million.

A new eighth prize division is also being introduced, with a $12 payout — a change Lotto NZ says will create more winners overall, even as the odds of striking the very top prize get harder.

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