Yes, that's what they call an annuity. Like $50K/year for 20 years or something. Other winners just take the lump sum which cuts I think 35-40% out for taxes...leaving the million dollar winner with $600-650K. If it's a show like 'Beat Shazam' I'm guessing they get two lump-sum checks split up, and tax forms sent to both members. Thus $300K and $300K.
When the insurance company comes in with auditors, does that happen BEFORE it goes to air or after? Because with some of these game shows, contestants have to keep silent for nearly a year before it airs on national TV. I know a 'Shazam' contestant who had to wait over 9 months for her show to air from taping to broadcast. She's a Tri-Cities DJ and they were teamed up for a special episode featuring just radio DJ's last September...they won over $250K.
Spin the Wheel was even longer as I recall. Over 1 year from initial tapings to the Fox airings.
When the insurance company comes in with auditors, does that happen BEFORE it goes to air or after? Because with some of these game shows, contestants have to keep silent for nearly a year before it airs on national TV. I know a 'Shazam' contestant who had to wait over 9 months for her show to air from taping to broadcast. She's a Tri-Cities DJ and they were teamed up for a special episode featuring just radio DJ's last September...they won over $250K.
Spin the Wheel was even longer as I recall. Over 1 year from initial tapings to the Fox airings.
