Do you Know How is AGT Winner’s prize money awarded?

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The $1million prize for America’s Got Talent winners is part of what makes it a high-stakes talent competition.

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Every competitor shares how winning the money would transform their lives, 

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but in reality, winning the competition doesn’t make someone an instant millionaire.

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A disclaimer explains: “The prize, which totals $1,000,000, is payable in a financial annuity over forty years, 

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or the contestant may choose to receive the present cash value of the such annuity.”

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This means that the winner can either choose to get $25,000 a year for 40 years  

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or take the current cash value which in 2011 was about $300,000.

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