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After doing this, lottery winners should speak with financial advisors or attorneys who focus on winning lottery cases in order to understand the tax ramifications and potential investment opportunities. Long-term financial stability also depends on making a plan for how to spend the winnings. Take Care of Your Winnings. Recipients ought to think about paying off debt, putting money aside for emergencies, and making investments in things that will eventually produce passive income. A winner can position themselves for long-term financial security and stability by carefully managing their winnings.