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Hey Seachrome, sorry to hear about that. Unfortunately, if you don't cancel your score within the 72-hour window, then it will be visible to any B-schools to which you apply within the next 5 years.
However, if you take the GMAT again and earn a much better score, then the programs to which you apply will of course take your highest score into strong consideration as well. In most cases, all the admissions committees really care about is your best GMAT score--especially since they know that the majority of test-takers are gaming the system by taking the GMAT up to 8 times, and cancelling their GMAT scores until they have the one they want.
When a student submits a 750 GMAT score, for example, chances are that it's taken the student more than 1 try to get there. Why penalize you just because you forgot to cover up your blemish, when it's clear that others have required multiple attempts as well?
Of course, it would have been better to cancel--it's better to hide a low GMAT score completely, than have to explain it away. But that's simply not an option now, so you have to make the best of the situation.
Regarding your test-day anxiety and panic attack, here is a pamphlet from ETS that was designed for the PRAXIS exam, but is still very helpful for managing your stress on the GMAT. Good luck!