UPDATE

Courier turned multi-millionaire Gary Baron has not yet agreed to share the spoils of his $16.6 million Powerball win with the members of his lotto syndicate, Fairfax Media understands.

Powerball win ... details of the out-of-court settlement remain confidential. Credit:Jim Rice

The Geelong man is accused of keeping the big win to himself, cheating the other members of the syndicate out of their share of the $16.6 million group draw last October.

A Current Affair reported on Thursday that a deal had been reached that had left some of the syndicate members "very happy".