Terry Fator, a 42-year-old singing ventriloquist from Dallas conquered all on the second season of America's Got Talent. He was named the winner of the show during last night's live finale broadcast.
As this season's victor, Fator - who defeated Cas Haley, a 26-year-old reggae singer to win the competition - received a $1,000,000 prize and the show's "Best New Act In America" title.
Unfortunately for Fator, however, unlike the winners of most other reality shows, he won't actually be receiving the full cash prize any time soon.
Instead, Fator's $1,000,000 prize will be paid over via a lottery prize-like 40-year period. Fator can (and probably will) opt to pass on the $25,0000 annual payments and instead receive a lump sum; should he do so, though, the present cash value of the prize will be no more than several hundred thousand dollars.
After revealing Fator's victory, Springer also revealed that Fator would also be receiving one more prize.
"We've got one more surprise for you," Springer said. "We know your dream is to play Las Vegas, [so] we're going to make that dream come true. You're going to be playing the Jubilee Theater at Bally's Resort."
Congrats to him!