You won a local give-away and have been given 2 options to claim your prize. Option 1) Receive one million dollars on the first day of the month.

You won a local give-away and have been given 2 options to claim your prize.

Option 1) Receive one million dollars on the first day of the month.

Option 2) Receive the amount of pennies just on day 30. Daily penny amount as follows: 1 penny on the first day of the month that will be doubled every day for 30 days, so 1 penny on day 1, 2 pennies for day 2, 4 pennies for day 3, etc. 

Which would you choose? Why?