James Holzhauer of 'Jeopardy' fame likely owes $1.2 million in taxes
"Jeopardy" champion James Holzhauer lost in his 33rd episode of the TV game show, finishing $58,484 short of the all-time winnings record set by Ken Jennings in 2004.
After federal and California state taxes, Holzhauer's net winnings will be $1.29 million — a 47.6% cut. This image made from video aired on "Jeopardy!" on Wednesday, April 17, 2019, and provided by Jeopardy Productions, Inc. shows James Holzhauer."Jeopardy" champion and professional sports bettor James Holzhauer lost in his 33rd episode of the TV game show, which aired on Monday, finishing $58,484 short of the all-time winnings record.
Of course, Holzhauer, 34, won big. He made $2,462,216 in those 33 appearances, including the $2,000 prize he received for finishing second in his last show on Monday. Only one "Jeopardy" champion, Ken Jennings, has made more money and had more appearances . The IRS also won big. All winnings on game shows are considered ordinary income, taxed up to 37% by the IRS. And most states have state income tax, too.
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