I always figured keep it quiet, low profile, never say how much you won IF you even tell anyone you did. Probably better not too at all. make graceful exits from your job, have a cover story, interview financial advisors, invest, diversify.
You have a new job, manage that money.
GET OUT OF DODGE.
Slowly start building your new life, and be smart about it.
These people go ape, they tell the world, they spend gobs of money foolishly though perhaps good intentioned, they are reckless.
That kind of money is not money anymore.
It is an engine. It is a gift that must be respected because of the amazing things you can do with it.
Short term yeah, you can put on a show and blow gobs like this guy did.
long term, you could do SO much more good work for people, investing it, growing it, managing it properly.
Sad. They should counsel winners about this stuff.
It's not just lotteries. Kids inheriting a fortune face the same trauma.
Here's the deal: money amplifies your existing habits. If you had a slight spending problem before getting the big windfall, then you will have a large spending problem after.
On the other hand, if you were living within your means based solely on your own personal fiscal discipline, then you'll probably do fine. Not every kid who inherits daddy's company blows it, after all.
The trick is always to spend *less* than your income so that you are always growing richer. Hard to go wrong that way...