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The Journal.

They Won Millions for Life. Until They Didn't.

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.3K Ratings

🗓️ 7 October 2025

⏱️ 19 minutes

🧾️ Download transcript

Summary

In 2021, Tamar Veatch won millions of dollars in a sweepstakes competition run by Publishers Clearing House, the company best known for delivering oversized checks to winners. But then last April, Publishers Clearing House went bankrupt. WSJ’s Akiko Matsuda explains why the company went under, and what it means for winners like Tamar. Jessica Mendoza hosts. Further Listening: - How ‘The Joker’ Rigged the Texas Lottery- How Parlays Became the Biggest Bet in Sports Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Have you ever wanted to get a giant check delivered to your door?

0:09.0

For decades, Americans across the country have wished for exactly that, and thousands have had it come true.

0:17.0

The check would be delivered by a TV host wearing an orange tie.

0:20.9

All right, we're headed up to the house.

0:23.2

I don't see any cars in the driveway.

0:26.2

See if she's home. Hopefully she is.

0:28.6

He'd approached the winner's front door carrying balloons, flowers, and followed by an entourage of TV cameras.

0:34.6

When they answered the door, he'd give them the good news. How's your day going so far?

0:39.3

It's about to get a whole lot better.

0:40.3

It is about to get a whole lot better, because guess what?

0:43.3

You just won $10,000 for publishers during us.

0:46.3

No way.

0:48.3

And then, the host would hand the winner their ginormous check.

0:52.3

What do you think of that? Holy, holy!

0:56.0

Are you serious?

0:57.0

I'm dead serious.

0:58.0

The company behind these sweepstakes is Publishers' Clearinghouse.

1:03.0

Over the course of decades, they've given away hundreds of millions of dollars to thousands of Americans,

1:08.0

giant checks and all, making their dream of winning big a reality.

1:14.2

But earlier this year,

1:15.5

Publishers Clearing House went under.

1:18.1

Well, it's the end of the line for Publishers Clearing House.

...

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