Great! Once the contest ends in 11hours (or I think you can end it manually if you've got the design you want) the contest will go into 'Judging Mode":
Phase 3 - Winner Selection
Once the contest has ended the Contest Holder will have 7 days to select the winning designer. This is usually completed the same day. The winning designer will be notified by email, and will upload the final files. The Contest Holder will then download the files and approve them. Once the final files have been approved the prize (less the 15% LogoTournament commission) will be sent immediately to the designer's Paypal account on file.
Any other questions you might have:
https://logotournament.com/help/faq or let me know if you're unsure about anything and I'll do my best to answer!