I think there's a very important moral to this tale that any future lottery winner would do well to heed...and that lesson is that if this guy had just let me take care of his money he'd have far more of it left than he does now....
With that kind of money, the 1st thing I would do is hire a lawyer and an investment advisor. The lawyer would pick up the money and protect me and the investment advisor would tell me where to put it. About 30% aggressive, 40% dividends, and 30% conservative. Go fishing and a Bambi hunting vacation for a while before getting serious. I haven't lost at craps for 14 years. That would be fun with white chips. I drink only Pepsi while playing that game.