Later, Kia announces they will give a brand new car to the winner and the runner-up. Winners can choose to receive $25,000 a year - before tax - so the real amount will be significantly less. How is the prize money awarded? A disclaimer during the closing credits explains: “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.” This means that the winner can either choose to get $25,000 a year for 40 years, or they can take the present cash value of the annuity. According to Forbes, the present cash value in 2011 was around $300,000 before taxes. Laughing along with the crowd, Sofia replied: ”I'm right here! I'm single!” ”As soon as she's free, as soon as they live in separate homes, the door is open, people!” Howie said. Explaining Sofia's reaction, he shared: ”She came over and she thought it was funny.
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