Eventually, it was announced that accomplished comedian and actorDrew Careywould be taking over the iconic role.

But, consider the cost associated withprizes valued in a higher price bracket.

The issue of reported income can become much more costly for the prize winner atthese higher value levels.

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So winning the most expensive car in the series' history comes with some very complex matters to consider.

Cynthia Azevedo’s jaw-dropping Clock Game win made history on The Price Is Right.

Since its debut in 1972, it has become a staple of American daytime television.

Manuela Arbelaez gives away car on ‘The Price is Right’.

Image via CBS

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The Price Is Right is a long-running game show in which contestants compete to win cash and prizes by accurately guessing the prices of various merchandise. Hosted by Drew Carey since 2007, the show features iconic segments such as the Showcase Showdown and Plinko, and maintains a lively atmosphere with audience participation. Since its debut in 1972, it has become a staple of American daytime television.

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The Price Is Right