Why 'America's Got Talent' Winner Kodi Lee Will NOT Receive $1 Million
earlier this summer."As long as Kodi is playing music, recording music, and performing live, he is in his happy place."proudly boasted that Kodi would be given the grand prize of $1 million. The only thing is ... it's a bit more complicated than that.
"The prize, which totals $1,000,000, is payable in a financial annuity over forty years, or the contestant may choose to receive the present cash value of such annuity.”What does that mean exactly? Basically, Kodi isn't going to be an instant millionaire. If the vocalist opted for the first payment option, he'll supposedly get about $25,000 for the next 40 years from, and that's not taking into account taxation.
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