This isn’t exactly gambling, but even gambling winnings are taxed. Even worse, since the federal tax law put a $10,000 cap on deducting state and local taxes starting in 2018-it used to be unlimited-paying tax in high-tax states even worse now, a kind of double whammy.
Schneider lives in California, she will pay up to 13.3% to the Golden State too. Most states have state income tax too, and since Ms. All winnings on game shows are ordinary income, taxed up to 37% by the IRS. And it’s a lot too, eating up about half the money if you do the math. But before you start spending money you might win, does Amy Schneider have taxes to pay? Of course she does. How much did she win in all? Her $1,382,800 total puts her in fourth place for regular season play, not far behind a win of $1,518,601. James Holzhauer’s $2,462,216 was second behind Ken Jennings' $2,520,700 total. And her wins mean that she will resurface on the next Tournament of Champions. Amy Schneider boosted viewership and maybe even popularized the donning of pearls too. Ken Jennings remains the all-time winner, with a whopping 74 wins under his belt. Even so, she still can say she is the second all-time winner. She is a fan favorite but has lost to a Chicago librarian. That was so with Amy Schneider, but her 40-game streak has come to an end. It can be mesmerizing to watch Jeopardy! especially when someone you are rooting for is doing well, is super smart, and makes you think.
