Iowa granny takes massive payout after winning US Powerball lottery

After hearing someone from Iowa had won half of a nearly $700 million Powerball jackpot, Lerynne West couldn't find the ticket she'd bought the day before so asked her sister to check.

There it was, on the floor of their pickup truck, a scrap piece of paper worth her share of $344 million.

The win was a shock to the single mom, who struggled to persuade her three daughters and other relatives that it was for real.

"Nobody believed me," West said Monday after submitting her winning ticket at lottery headquarters in suburban Des Moines. 

"They thought I was crazy."

West will share the $688 million jackpot drawn October 27 with someone who bought the other winning ticket in New York City but hasn't yet claimed the prize.

West took the cash option, which will pay her an immediate $198.1 million, minus taxes.

West, 51, said she dreamed of winning a jackpot, but "once you have won, you realise the responsibility and the impact you can make, and all the frivolity goes out the window."

She said she'll give some to her daughters and other relatives, ensure her six grandchildren can have college educations and set up the Callum Foundation, where people in need can seek financial help. 

Halting briefly to hold back tears, West said the foundation was named after a grandson born prematurely in April who lived only one day.

West said she grew up in a "very humble family" with seven siblings in Iowa and knows what it's like to struggle financially. She worked in corn and soybean fields as a teenager, didn't graduate from high school but earned a GED diploma and took night classes to get a college degree in human resources in 2006.

She worked at a health insurance organization until winning the jackpot. "Currently, I'm retired," she said.

She plans to buy a new house and replace her car, a Ford Fiesta with 228,500 kilometres "that people have beat up."

West bought the ticket in Redfield, a community of 800 people about 50 kilometres west of Des Moines. 

"I played the lottery twice a week, when I had the money to do it," she said.

West and the buyer of a ticket at a Manhattan deli overcame odds of 292.2 million to one to win the Powerball.

The drawing came only four day after someone won a $1.54 billion Mega Millions jackpot, the second-largest lottery prize ever. 

That ticket was sold in South Carolina and hasn't been claimed.