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8 big lottery winners whose money and luck ran out

Bankrate Logo By David Sweet of Bankrate | Slide 1 of 9: <p>The latest Powerball multimillionaires are about to learn that winning a fortune in the lottery can mean dazzling changes and opportunities.</p><p>But for an unlucky bunch, lotto winnings turn into a curse. The list of those who have squandered their prize money while suffering tremendous heartache is long; some regret ever winning.</p><p>Why does it happen? "They head into it without a plan and probably react too emotionally," says Joe Correnti, a senior vice president with investment firm Scottrade Inc. in St. Louis. "The winner needs to figure out day-to-day cash needs, insurance needs and emergency needs before anything else."</p><p>Here are eight people who found that winning the lottery was perhaps the worst thing that ever happened to them.</p>

The recent $420 million Powerball winners might want to heed these cautionary tales.

The latest Powerball multimillionaires are about to learn that winning a fortune in the lottery can mean dazzling changes and opportunities.

But for an unlucky bunch, lotto winnings turn into a curse. The list of those who have squandered their prize money while suffering tremendous heartache is long; some regret ever winning.

Why does it happen? "They head into it without a plan and probably react too emotionally," says Joe Correnti, a senior vice president with investment firm Scottrade Inc. in St. Louis. "The winner needs to figure out day-to-day cash needs, insurance needs and emergency needs before anything else."

Click ahead to read about eight people who found that winning the lottery was perhaps the worst thing that ever happened to them.

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