Quicken Loans Hole-In-One 2015 Sweeps
Grand Prize (1): If a hole-in-one is achieved on the 16th hole of the Quicken Loans National Tournament, One (1) Grand Prize will be awarded: Winner’s choice of one of the following prize choices: 1) $1,000,000, awarded as a 20yr annuity payable in equal installments of $50,000 a year for 20 years ; (2) $700,000, awarded as a 10yr annuity payable in equal installments of $70,000 a year for 10 years; or (3) A lump sum payment of $500,000 . IF NO HOLE-IN-ONE IS MADE ON THE 16TH HOLE OF THE QUICKEN LOANS NATIONAL, THE GRAND PRIZE WILL NOT BE AWARDED. (Grand Prize Maximum Retail Value, based on present day value: $500,000).
First Prize: For each hole-in-one achieved during the participating PGA TOUR tournaments as indicated in the chart above, one First Prize winner will receive one year’s mortgage payment, consisting of 12 months of principal and interest only, awarded in the form of a check in the name of the winner (or parent/legal guardian if winner is deemed a minor in his/her state of residence) (minimum $6,000 to maximum $12,000 each). Mortgage account holders must provide proof of one year’s mortgage payment in order to receive that amount (up to $12,000). Non-mortgage holding winners’ prizes will be determined by a random drawing of all eligible mortgage amounts starting from $6,000 to $12,000, and the selected monthly mortgage amount (up to $12,000) will be awarded to that corresponding winner. IF NO HOLE-IN-ONE IS MADE ON ANY HOLE OF ANY PARTICIPATING PGA TOUR TOURNAMENT (AS INDICATED IN THE CHART ABOVE), NO FIRST PRIZE WILL BE AWARDED.