You're describing Wheel of Fortune.
Contestants spin a large vertical wheel marked with dollar amounts, prizes, and penalties (Bankrupt, Lose a Turn). After spinning, they guess a consonant. If the letter appears in the hidden phrase/puzzle, they win the spun amount × occurrences and continue. Vowels cost $250 to buy.
Home versions: Board game (Pressman, many editions), video games (every platform), mobile apps, and the long-running TV syndicated show (since 1983).