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Big Casino Winnings, How to Declare?

Very long story short I won 720k from the casino. It's currently at the casino in a vault for safe keeping (safety reasons, my decision not theirs) and for now they comped my room and dinner for tonight so I'll be on site until tomorrow morning. I'm wondering how I would declare this and how can I pay the lowest amount of taxes possible? I Googled it and it said you don't pay taxes on casino winnings but its a pretty old website. I have 900k in total in chips in the vault, I have the paperwork for 180k but how do I deal with other 720k? Does the casino write a check? So far all they asked for was ID and no mention of payment so far. Anyways i'm looking to open an account at a different bank and deposit all the money there because of outstanding debts at my regular bank. I currently have a little less than 360k of debt from a line of credit at 5.2% APR and a 20k loan from a loan shark off the books with a 25% interest rate. Do I pay off all loans first? The off the books loan has accrued interest and is basically 30k now but the line of credit is at a lower interest rate so should I just invest the new earnings and try to beat 5.2% ROI to "outrun" the interest on it? Would a sum like this warrant hiring a financial advisor?
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