The first thing you should do after winning a big prize in a poker tournament is take a step back and plan. It’s tempting to celebrate and spend impulsively, but smart financial management is key. Set aside taxes first—depending on where you live, a significant portion may be owed to the government. Next, pay off any debts or financial obligations you have. Then, consider bankroll management—determine how much you’ll reinvest in poker versus how much you’ll save. It’s also wise to diversify your winnings, whether by investing, securing future stability, or making meaningful purchases. And of course, reward yourself a little—but responsibly!