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Lottery winnings: easy money that's hard to handle

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Multi-state lotteries like Powerball and Mega Millions feature jackpots that can grow into the nine-figure range. (David Fusaro/CNS)

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These Mega Millions tickets could be worth an estimated $91 million. The odds of winning are one in 175,711,536. (David Fusaro/CNS)

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Multi-state lotteries like Powerball and Mega Millions feature jackpots that can grow into the nine-figure range. This ticket could be worth an estimated $91 million. (David Fusaro/CNS)

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A lottery hopeful buys a chance at a $91 million Mega Millions jackpot. The odds of hitting the jackpot are one in 175,711,536. (David Fusaro/CNS)

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For recipients of sudden wealth, the belief that the money will never run out leads many to make serious financial mistakes. Experts say there are several things lottery winners and others with newfound wealth can do to protect their windfall.


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