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The amount of money awarded to the winner of The Gong Show depended on which version you’re referring to:
Original series (1976-1980s): The winner received $516.32, along with a “Golden Gong” trophy. This amount was chosen because it was supposedly the minimum daily pay for an actor according to the Screen Actors Guild at the time.
Later revivals: There have been revivals of The Gong Show with different prize money. For instance, the syndicated version (1988-1989) awarded $701, while The Gong Show with Dave Attell (2008) offered $600.

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The amount of money awarded to the winner of The Gong Show depended on which version you’re referring to:
Original series (1976-1980s): The winner received $516.32, along with a “Golden Gong” trophy. This amount was chosen because it was supposedly the minimum daily pay for an actor according to the Screen Actors Guild at the time.
Later revivals: There have been revivals of The Gong Show with different prize money. For instance, the syndicated version (1988-1989) awarded $701, while The Gong Show with Dave Attell (2008) offered $600.