Unemployed Sydney man wins $50m Powerball

An unemployed western Sydney man has had his life turned upside down after winning $50 million in Powerball's division one prize pool.

The man, aged in his 30s and who wishes to remain anonymous, was the sole division one Powerball winner in Australia drawn on Thursday, a statement says.

The man says he's been unemployed since the end of last year and describes the win as "life changing".

"It's life changing! I don't even know how many zeros are in $50 million," he said in the statement.

He's going to be generous with his winnings, claiming he'll share it with friends, family and charity.

"I'll share it with family and friends - if I'm winning, I want everybody along with me to win," he said.

"I genuinely want to help people - so some sort of charity."