How do game shows payout their money?

[mkillio]

Do game shows, i.e. jeopardy, wheel of fortune etc. pay all the money up front or do they pay it off over time like the lottery?

 

[DOGMA1138]

the same as any other show - commertials.

 

[epicstruggle]

dending on the amount. If a small amout, immidiate payout. Large ones, over time. A bunch of small ones, bunch of small payouts(might just right one check). Taxes are usually deducted from amount given to player. If you win a prize other than money, they usually give you the option of getting money based on a % of the retail value instead of the actual prize.

epic

 

[KBeee]

In UK it's usually 1 cheque - and it's tax free
Even the "Who Wants to Be A Millionaire?" £1,000,000 cheque is paid straight to the winner.

 

[Chris_T]

Don't forget: Any winnings over a certain amount must be reported as income, and is taxed accordingly. Also in many cases, prizes that are not cash may have a cash option, meaning instead of that weeklong stay at the El Bano hotel in Beautiful Mexico you may take the cash equivelent instead.

 

[epicstruggle]

Don't forget: Any winnings over a certain amount must be reported as income, and is taxed accordingly. Also in many cases, prizes that are not cash may have a cash option, meaning instead of that weeklong stay at the El Bano hotel in Beautiful Mexico you may take the cash equivelent instead.

lol, any different than what i posted?

epic