Wheel Of Fortune 10000 Winner
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A lot of us would love the chance to compete on the legendary game show Wheel of Fortune, and winning lots of cash or an awesome trip would really be the icing on the cake. After all, walking away from the experience with winnings is the object of the game, but what if winning Wheel of Fortune wasn't everything it seemed.
For starters, just doing well on the show is a bit of a challenge. It's one thing to be able to shout out all the answers from the comfort of your favorite chair at home, but actually doing so on live TV is a whole other beast. Former executive producer Harry Friedman told San Francisco's ABC7 that half the battle includes being the type of person who already likes to solve problems and puzzles.
Host Pat Sajak added that success on the show really rests with a contestant's approach. 'The trick is just treat it as a fun experience ... it doesn't hurt to watch a show occasionally because there are strategies involved.' And so if one can do all that, and actually win cash, a car, or a trip, what of the victor's spoils. How much do winning contestants get to actually keep?
Wheel of Fortune winnings are taxed
Wheel Of Fortune Big Winner
Many of the prizes on Wheel of Fortune seem almost too good to be true. Contestants regularly win enormous sums of money, expensive cars, and trips around the world. It turns out that there is a reason the prizes might feel unrealistic: winners end up paying taxes on everything they take home from their TV experience.
When you win big on the show, the IRS treats the price tag of your winnings just like income: You're taxed in a big way. CinemaBlend explored the case of Wheel of Fortune winner Matt McMahan, who walked away with over $16,000 in cash and two trips worth more than $15,000. The show does allow winners to find less expensive versions of their trips to avoid a higher tax hit. McMahan took this option, ending up with trips for $10,000.
Wheel Decide
Once the taxes were paid out, McMahan estimates he walked away from Wheel of Fortune with about $6,000 out of over $30,000 in prizes. It really makes you think. When speaking to MarketWatch, he did say that the trips were worth it, saying that even with all the strings attached, 'experiences are worth more than money right now.'
Watch Wheel Weeknights, Spot $10K Wedge and visit the Wheel of Fortune My$tery Wedge $10K Giveaway at WheelOfFortune.com/Mystery-Wedge for your chance to win (1) of (80) $10,000 cash prize.
Who can Enter this Wheel of Fortune Giveaway ?
The Wheel of Fortune My$tery Wedge $10K Giveaway is open only to permanent legal residents of the fifty (50) states of the U.S. and D.C. and Canada (excluding Quebec, Guam, Puerto Rico and all other U.S. territories and possessions) who are currently physically located and residing therein. Who are at least of the age of majority in the jurisdiction in which he/she resides.
When does the Giveaway end ?
This Giveaway ends at 11:59:59 p.m. PT on May 10.
How to Participate ?
To participate, visit and complete the entry form located at wheeloffortune.com/mystery-wedge. One (1) entry per day.
What are the Prizes to be won ?
There is the possibility that up to eighty (80) cash prizes will be awarded during the entire Sweepstakes Period. The cash prizes will be $10,000 awarded in the form of a check made out in the name of the winner.
Wheel Of Fortune Win 10000
Total approximate retail value (“ARV”) of all prizes is up to $800,000.