A man who won millions on Lotto Powerball spent $705,000 on the horses this week - not on betting, but buying.
In his "biggest indulgence", Tauranga Lotto winner Lou Te Keeti and his wife Val bought four racehorses in the New Zealand thoroughbred sales, held in Karaka on Wednesday and Thursday this week.
"It is definitely our biggest indulgence to date, but we got what we wanted and Val and I are going to have a lot of fun with them," Te Keeti told the Bay of Plenty Times.
The 70-year-old kaumatua of Wairoa Marae in Tauranga scooped $10.3 million in the Lotto Powerball draw on July 8 this year.
He told the Bay of Plenty Times racehorses were a passion he and Val shared and he had been eyeing up potential horses in the auction since the beginning of the month.