http://www.pgatour.com/hole-in-one/ql-sweepstakes.html
Grand Prize Winner: THERE WILL ONLY BE A GRAND PRIZE WINNER IF A PGA TOUR PROFESSIONAL ACHIEVES A HOLE-IN-ONE ON THE 10TH HOLE OF CONGRESSIONAL COUNTRY CLUB AT THE 2016 QUICKEN LOANS NATIONAL TOURNAMENT.
First Prize Winners: THERE WILL ONLY BE A FIRST PRIZE WINNER FOR EACH OF THE BELOW TOURNAMENTS IF A PGA TOUR PROFESSIONAL ACHIEVES A HOLE-IN-ONE AT SUCH TOURNAMENT.
Grand Prize (1): If a hole-in-one is achieved on the 10th 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 10TH HOLE OF THE QUICKEN LOANS NATIONAL, THE GRAND PRIZE WILL NOT BE AWARDED.
First Prize: For each hole-in-one achieved during the participating PGA TOUR tournaments as indicated in the chart above (see Official Rules), one First Prize winner will receive one year’s primary mortgage payment, consisting of 12 months of principal and interest only (on winner’s primary mortgage 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 $24,000 each). Mortgage account holders must provide proof of one year’s mortgage payment in order to receive that amount (up to $24,000). Non-mortgage holding winners’ prizes will be determined by a random drawing of all eligible primary mortgage amounts starting from $6,000 to $24,000, and the selected yearly mortgage amount (up to $24,000) 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.