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‘AGT’: Utah native Kodi Lee won’t receive $1 million for winning. Here’s why

Technically, he’ll receive a little bit less.

Simon Cowell, Julianne Hough, Kodi Lee, Gabrielle Union, Howie Mandel, Terry Crews celebrate in the finale episode of “America’s Got Talent.”
Simon Cowell, Julianne Hough, winner Kodi Lee, Gabrielle Union, Howie Mandel and Terry Crews celebrate in the finale episode of “America’s Got Talent.”
Trae Patton, NBC

Former Utah resident Kodi Lee won “America’s Got Talent” on Wednesday night, securing himself the top prize of $1 million.

Well, kind of.

“America’s Got Talent” has a general prize for winning: “The prize, which totals $1,000,000, is payable in a financial annuity over 40 years, or the contestant may choose to receive the present cash value of such annuity.”

So, no, winning “AGT” doesn’t mean you’re an instant millionaire. Instead, you receive $25,000 over 40 years. But that’s before taxes, according to Forbes.

Otherwise, Lee can accept the cash value of the annuity, which will also come before taxes.

That said, Lee is still due for a lot of cash. His mother, Tina Lee, told that he made plans for what he would do if he won on the show.

Kodi would love to have a grand piano in every color possible,” Tina told earlier this summer. “As long as Kodi is playing music, recording music, and performing live, he is in his happy place.”

Tina Lee said during the event that she’s glad to see her son excel despite his struggles with being blind and having autism, according to CBS.

“Through music and performing he was able to withstand living in this world because when you’re autistic it’s really hard to do what everybody else does. It actually has saved his life, playing music.”