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It really isn't paid unless you have won. Do you mean is it cash or a check or is it spread out over time. They always call it a cash prize but I doubt that anyone would actually want it in cash and the IRS does require a person to have withholding tax taken out of winnings of that amount. Only one person has won a million dollars on Wheel of Fortune and that was on the episode that first aired on Oct 14 2008 when a contestant won $1,026,080.00. The winning contestant was 24 year old newlywed and floral designer Michelle Loewenstein from Santa Monica California when she won the million dollars.

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Q: How is million dollars paid on Wheel of Fortune?
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What has Wheel of fortune paid out in prizes?

The total amount continues to grow as more shows are aired. The question can only be answered if a time span is included The Producers of Wheel of Fortune announced that they have given away 190 million in prizes since the show began in 1983


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Who pays for the prizes on Wheel of Fortune?

Wheel of Fortune pays cash prizes with the revenues from the show, or some prizes are part of a commercial message that the show earns revenues from by carrying the message and offering a chance for the contestant to win the prize. The time when the contestants paid for the prizes has been over for more than twenty years


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What were the prizes during the early Wheel of Fortune shows?

The daytime edition of the Wheel of Fortune began in 1975 with Chuck Woolery as the host and Susan Stafford turning the letters. Originally, all the money won in a round was then "spent" buying prizes of various types. As on the Price is Right and other daytime shows, the makers of these products or services provided them to the show and paid for their display. One unique item was a life-size ceramic dalmatian dog, which gained the nickname of Sheldon and became the show's "mascot". The price of the ceramic dogs was originally set at $154. Money not spent after a round could be left in the player's "account, but could only be spent if and when they won another round.

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