"Wheel of Fortune" contestants typically receive cash and prizes within 120 days. Contestants must pay taxes on cash and prizes within 120 days of the airdate of a show. WheelofFortune.com does not specify a process contestants must follow to claim a prize won on the show.
"Wheel of Fortune" also rewards a daily cash prize of $5,000 to any viewer who is a member of the Wheel Watchers Club with a Spin ID. Club members obtain a Spin ID through a simple online registration process. Each night that "Wheel of Fortune" airs, someone announces a member's Spin ID.
The member claims the $5,000 prize at WheelofFortune.com, under Check Spin ID. Wheel Watchers Club members with a winning Spin ID have 24 hours from the airdate of the show to claim a prize. If a particular Spin ID is a winner, "Wheel of Fortune" phones the Wheel Watchers Club member to confirm.
Sony, which owns the "Wheel of Fortune" franchise, still honors any Sony rewards points that a Wheel Watchers member previously earned for successfully solving the bonus round puzzle during a "Wheel of Fortune" broadcast. Though this program is now defunct, Wheel Watchers members with existing point balances on a Sony card can redeem these points for products at SonyRewards.com.