I have a page dedicated to The Price is Right FAQs, and I think almost all the answers are the same.
Also, I’m not an incredible resource, as the only thing I’ve been is zonked.
But, since some people have asked Let’s Make a Deal questions, I can give you some answers.
Can I take the cash value of a prize in lieu of the prize?
Nope. In our contestant information sheet, it states quite clearly, in all caps, “You may not request cash in lieu of your prize(s), or request substitutions.” However, since I’ve known seemingly a million people who’ve been on Let’s Make a Deal, I can tell you a couple of things I’ve heard secondhand.
Someone I know won a scooter. She went to the dealership, asking the dealership (not the show) if she could have money instead. My understanding is that they gave her half of what the scooter was worth. I’m led to believe this is not the norm, and usually you get your prize or nothing. But apparently, sometimes, maybe you can strike a deal with the vendor.
Also, word on the street is that often times you will end up getting cash in lieu of Apple products. I don’t know why that is – why it would be hard to get people Apple products. It might be something about not shipping them? We’d need to ask someone who’s won a suite of Apple products to know the real answer. (And if you have, please jump in!)
But those are the main stories I’ve heard when it comes to prize substitutions.
(Sometimes something no longer exists by the time your show airs. Strange things can happen. But the point is, you don’t get to choose money. I guess sometimes money might choose you (in those various odd circumstances of Apple products, things not existing, etc.).
How do the taxes work?
The same way they did on Price. You pay federal and state taxes on the values of your prize(s), as they’ll be treated as income.
What I did not know until reading more of this paperwork, is that if you’re not a resident of California (and your prize is valued at over $1,500), Let’s Make a Deal will ask for advance payment of California state taxes. (If you like outside the U.S., they’ll do the same with federal.)
Does that mean if you don’t live in California that you not only pay your own state taxes, but California’s as well? I know I’m supposed to be here to answer questions, not ask them. But I live here, so I didn’t deal with that on The Price is Right (or here since I only won $100). And it doesn’t explicitly say in this paperwork. That would be rough! I hope if you pay California that’s good enough. You can’t get state taxed twice, can you? Does anyone know?
How do the trips work?
Way to rub in. Thanks.
I’m just kidding.
But as you all know, I missed out on the trip. However, it still talks about trips in this little packet we get from the show. It says the winner of the trip does indeed need to be one of the traveling parties. It says you have to book the trip within 90 days of your air date, and it must be taken within a year of the air date.
Yes there are blackout dates (but it doesn’t specify which ones). It sounds like you give 3 options of dates that would work for you, and the travel agent goes off that. If none of those work, you do a little back and forth. It also says you’re responsible for basically any random fees that comes up, and it lists many of them (e.g. baggage fees, meals, taxes, tips, trips to and from the airport, port charges, and more).
I wish I could tell you more. But as I said, I lost on the trip. So, this is all I got for ya! But if you have any other questions, let me know, and I’ll see if I can answer them. Thanks!
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