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In order to manage and invest your winnings in a manner that supports your long-term financial objectives, they can assist you in developing a plan. To avoid any surprises during tax season, it's also crucial to think about the tax ramifications of your winnings and set aside some money for taxes. Avoiding the temptation to immediately spend large sums of money is another crucial part of managing your winnings. Take a step back and carefully consider how you want to use your winnings before giving in to the temptation to spend lavishly on luxury items or trips.