I don't think you get the whole 33 mil. in one check; probably paid over 20 years, so 1.5mil/yr and uncle sam takes 40-50%, call it 800K/year after taxes unless you move to CA and give them say 100K/year of it.
Still not bad. Trick is to spend as little of the first few year's so you can start making income from it rather than wasting it.
I'd invest it in a diverse portfolio of investment classes and live off the income. I'd still be a cheap bastard, just a better funded one. Used Porsche Turbos are way cheaper than new, right?