ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

'Price is Right' contestant wins prizes worth $33,000 — then she was hit with an unexpected issue

Winners know winning on Price Is Right it isn't like what it's cracked up to be.
PUBLISHED DEC 24, 2024
The Price is Right host Drew Carey during the show (Cover image source: Facebook | The Price is Right)
The Price is Right host Drew Carey during the show (Cover image source: Facebook | The Price is Right)

Apart from being one of the longest-running game shows in American television history, "The Price is Right" is also known for its bizarre prizes and the extent to which people can go to win them. While many hope to spin the wheel, make the right bid, and drive off in a swanky car, winners know that it isn't like what it looks like on the screen, especially from a tax standpoint. Andrea Schwartz who won a car on the show, shared how different her experience was, off camera. 

Screenshot shows Andrea Schwartz on Price Is Right (Image source: Facebook/Grunge.com)
Screenshot shows Andrea Schwartz on Price Is Right (Image source: Facebook/Grunge.com)

The Price  May be Right But That's Not Enough

Schwartz appeared on 'The Price is Right' back in 2012 and was on a roll winning prizes left and right. In total, she had won prizes worth $33,000 including a $1,200 cash prize, a Mazda 2 compact car, a shuffleboard table, a pool table, and a pair of earrings.

Screenshot showing the car Schwartz won
Screenshot showing the car Schwartz won (Image source: Facebook/Grunge.com)

While she seemed incredibly happy during the show, things took a different turn when the curtain dropped. In an interview with AVClub she explained that after the show, she had to fill out paperwork to pay taxes on all of the prizes she won. "Yeah, you don’t just drive off the backlot with the car like I thought the entire time I was growing up," she said.

Screenshot showing Schwartz celebrating her win on the show (Image source: Facebook/Grunge.com)
Screenshot showing Schwartz celebrating her win on the show (Image source: Facebook/Grunge.com)

She added that she didn't have a lot in the bank to pay all of her prizes off and stated that the contestants get the prizes only after the taxes are paid.

She further explained that the $1,200 that she won in 'Plinko' was taken away to pay a part of the $2,500 tax that she owed for the prizes.  

"I won $33,000 in prizes. I took the car and sold it. I sold the pool table and the shuffleboard table," she said. She explained that she didn't have the space for the prizes, so they had to go. "I sold the tables for $4,500, and I think I sold the car for $13,000 and it was worth $16,700. It had, like, eight miles on it," she added. She expressed that most people on the show don't know what they are getting into. "They’re going to have to forfeit their prizes because they can’t afford to pay the taxes on them," she told AVClub.com.



 

She busted another myth by revealing that the luxury holidays on the show aren't all paid for and contestants owe taxes on them as well. Despite winning big on the popular show, Schwartz called the experience "a pain." She said that while winners are supposed to get the prizes after 90 days, she didn't get the pool table and the shuffleboard until five or six months later.

In the end, Schwartz still walked away happy, as the prizes at least had some resale value. The prizes allowed her to raise an investment for her new business which was a food truck that she ran from the north shore of Lake Tahoe, her hometown.



 

"It’s called The Souper Wagon: soup, salad, and sliders. It’s all organic and local and as farm-to-trailer as we can be," said Schwartz.

MORE ON MARKET REALIST
The shopper who was buying coats to donate to the homeless was met with incredible generosity.
8 hours ago
The Democratic senators argued that no living/sitting president should have their likeness on a coin.
9 hours ago
The contestant had a slim chance after getting only two out of five guesses right.
1 day ago
The payments will be funded by the tariff revenue and reach farmers early next year.
1 day ago
Sweeney's team blatantly broke a rule and the host had to let it go multiple times.
2 days ago
Dimon reiterated a nuanced and overall upbeat view about the effect of artificial intelligence on the economy.
2 days ago
The guest who worked closely with the author said the collection was sentimental to her.
6 days ago
As per a recent study, nearly half of the millionaires think they need better financial planning.
6 days ago
Partnering with Wing, Walmart has expanded its service to yet another metro, this time in Georgia.
6 days ago
Economists, John Campbell and Tarun Ramadorai told CBS that Americans are unprepared for retirement.
7 days ago
Supporters of the Trump administration are not happy with the retailer's latest move.
7 days ago
The advocacy group, Amazon Employees for Climate Justice, addressed the letter to CEO Andy Jassy.
7 days ago
The player, Noah Kraski solved the final puzzle with just two clues on the board.
7 days ago
In a suit filed in the Court of International Trade, the retailer argued the tariffs were unlawful.
Dec 2, 2025
The company will pay about 15,000 workers a weekly compensation and millions in civil penalties.
Dec 2, 2025
Chorsie Calber IV, who lost a car on Thursday, won $120,000 in his second Bonus Round of the week.
Dec 1, 2025
The Black Friday sales were up by 10.1% from 2024, despite economic uncertainty and cost concerns.
Dec 1, 2025
The two Choceur brand products from Silvestri Sweets were sold in over a dozen states.
Dec 1, 2025