The final challenge is getting a quarter in the top of a water jug...no one has actually attempted it yet though.
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No, not yet
Yes, Alexis Canter and Chandler Henderson were the first million dollar winners on Minute to Win It.
Not quite yet, but the Bishop kids have gotten the closest they won the most anyone has won on the show: $500,000. Plus they completed two challenges never before completed. Then attempted a million dollar game of super-coin for three lives and 10 extra seconds.
MY guess would be that it is not Minute to win it but "in it to win it" this meaning that the reason you are there is to win. Hope this answere ur question :)
You have to be 7+