CONTESTANTS ~ above the standard television game present Jeopardy! can frequently walk away through a couple of thousand bucks in winnings.

You are watching: Do losers on jeopardy keep the money

However, what contestants and fans don't understand is the enlarge the winnings, the enlarge the IRS wins in taxes together well.


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Longtime Jeopardy! hold Alex Trebek passed far in November 2020 native stage four pancreatic cancerCredit: AP

How lot do Jeopardy! winners acquire taxed?

There is not collection answer as to how much Jeopardy! winners obtain taxed, it every comes under to just how the an initial place contestants winnings amassed to.

Former contestants such together Ken Jennings, James Holzhauer, Julia Collins and also Brad Rutter all gathered an abundant amount that money indigenous the game show.

Both Jennings and also Holzhauer earned much more than $2million each.

Holzhauer made headlines because that his near-record winning streak top top the show, yet he didn't take all his income home.



Jeopardy's big winners, indigenous left to right, James Holzhauer, Brad Rutter and also Ken JenningsCredit: AP

However, what countless don't realize is that Holzhauer paid more than $1million in taxes.

Since Holzhauer resides in Nevada and Jeopardy! is filmed in California, he paid close come $1.1million in state taxes.

In addition, all winnings the Jeopardy! are taken into consideration ordinary income, i beg your pardon is taxed approximately 37 percent through the IRS.

Of his $2.4million he won on the show, Holzhauer take it home about $1.29million after paying both federal and also California state taxes.


Do every contestants save their winnings?

What part fans don't know is the although the 2nd and 3rd place winners periodically accumulate a ton that money throughout the show, based on answering high-point worth questions, lock don't walk away v as much as it seems.

The numbers space actually a many lower, second place winner earns $2,000, while the third place winner earns $1,000 - nevertheless of the monetary value of the inquiries the contestants answered.

The just contestant that in reality keeps their revenue is the an initial place winner.


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Second and third place winner execute not acquire to store their winnings in ~ the end of the showCredit: AP

Who will certainly be the following guest organize of Jeopardy!?

NFL quarterback Aaron Rodgers is set to step up come the Jeopardy! podium as a guest host.


Former legendary host Alex Trebek sadly passed away from stage four pancreatic cancer top top November 8, 2020.

Rodgers debut as the guest host of Jeopardy! will certainly be this comes Monday, April 5.

He will certainly be the guest host for 2 weeks, with April 16. During his illustration on The beat McAfee Show, Rodgers said Trebek was one of his idols.

"One of mine idols growing up to be Alex Trebek," Rodgers said throughout his appearance on the The play McAfee display in January 2020.


"They're doing part guest-hosting spots. It's going to be released here an extremely soon, but I had the chance to be among those … I'm excited about the opportunity."


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NFL quarterback Aaron Rodgers will be the following celebrity host of Jeopardy!Credit: Jeopardy

Rodgers later on learned he was not an alleged to make the announcement at the time.

"I may have jumped the gun a tiny bit, so i apologize come 'Jeopardy!' if they wanted to announce it," the said.


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"I just gained so excited ~ above the display earlier. It simply went down the last couple of days, us figuring that out. That is an extremely exciting. It's for the offseason.


"We'll it is in even more excited once that possibility gets a tiny closer, but, man, the display has been so special to me over the years," Rodgers added.

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Rodgers an initial appeared ~ above Jeopardy! as a contestant in 2015 and walked away through a $50,000 donation for his choice of a charity.


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