Host Drew Carey and executive producer Evelyn Warfel accepted the award at The Achievement in Broadcasting Awards on the NAB Show main stage in Las Vegas on April 24, 2022. On March 2, 2022, it was announced that The Price is Right would be inducted into the NAB Broadcasting Hall of Fame. In a 2007 article, TV Guide named it the 'greatest game show of all time.” The 50th season premiered September 13, 2021. It is the longest-running game show in the United States and is one of the longest-running network series in United States television history. The Price Is Right has aired over 9,000 episodes since its debut. While retaining some elements of the original 1956 version of the show, the 1972 version has added many new distinctive gameplay elements.

The show has used several models, most notably Anitra Ford, Janice Pennington, Dian Parkinson, Holly Hallstrom, and Kathleen Bradley. In April 2011, George Gray became the announcer. Barker was accompanied by a series of announcers, beginning with Johnny Olson, followed by Rod Roddy and Rich Fields. Bob Barker was the series's longest-running host from its 1972 debut until his retirement in June 2007, when Drew Carey took over. The program premiered on September 4, 1972, on CBS. Contestants are selected from the studio audience: the announcer calls their name, invoking them to 'Come on down!', the show's famous catchphrase. The Price Is Right is an American television game show created by Bob Stewart, Mark Goodson, and Bill Todman where contestants compete by guessing the prices of merchandise to win cash and prizes.

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