The 19-year-old said he plans to help his mum and dad with their home loans.
Katherine local Keegan Payne caught the fish, which had been tagged as part of a nine-year-long fishing competition, in the Katherine River.
Payne was on a fishing trip with family and a friend at the Katherine River when he caught the prized barramundi.View Gallery Every season, more than a hundred fish tagged with special markings are released in waterways across the Northern Territory.Payne is handed the monster check after his prize-catch.
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