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
While Jennings did not want to change anything about the show, he did miss a couple of old things.
12 hours ago
The expensive comic book was the first Marvel publication to introduce the character of Thor.
1 day ago
The guitar had been used for several iconic recordings with legendary musicians.
2 days ago
Gbenga Akinnagbe was shocked to find out that his item was an art piece from the famous Titus Kaphar.
2 days ago
While the contestant didn't mean to be suggestive Harvey just couldn't help taking it that way.
2 days ago
The TikTok creator claimed that it lacked a very important nutrient people sought from chicken.
2 days ago
While Harrison really wanted the rare treasure, he just couldn't take a chance with such a high price tag.
3 days ago
The issue triggered speculation on social media, with many questioning Walmart's product quality.
3 days ago
The rising star of the show's Prime Video spinoff could take over as the full time host.
5 days ago
Rick who couldn't tell the difference between Pokemon and Charizard lost out on a deal of a life.
5 days ago
The guest later happily gave it away for free to a Folk Americana Roots Hall of Fame collection.
5 days ago
The guest had stumbled into the rare artifact online and didn't have to shell out a lot for it.
6 days ago
Jennings answered the question that was making the rounds on social media for quite some time.
6 days ago
While her letter picks gave her just one clue, Angie nailed the final puzzle in seconds.
7 days ago
While the player wasn't too bothered with the loss, fans didn't seem to let it go.
7 days ago
This wasn't the first time that a contestant made a fool of himself on the show.
Apr 20, 2025
Even the stingy star of the show, Rick Harrison couldn't resist paying top dollar for the item.
Apr 20, 2025
Kevin O'Leary's deal did offer more capital but didn't align with Strauss's goals.
Apr 19, 2025
Harvey was waiting for a long time for someone to give that answer.
Apr 18, 2025
All the guest could say was, "I am never going to be able to talk to my wife again."
Apr 17, 2025