The show's theme was Kay Starr's version of the song "Wheel of Fortune", which was released in the first two months of 1952 and beginning on February 8 ran 22 weeks on Billboard's best-seller chart, with a nine-week stretch (March 14 to May 9) at #1.
Her version shared the charts with two other renditions during the same period (Bobby Wayne with Joe Reisman's orchestra; the second Eddie Wilcox & Sunny Gale), however the latter two were not as popular.
The show's popularity spawned a nighttime version on July 7, 1953, at 8:30 PM, but quickly folded on September 15 against Break the Bank on NBC and local programs elsewhere.
A further (and far more explicit) connection arrived in 1981, when Grundy debuted his adaptation of Griffin's Wheel which (like its American counterpart) also had a very long and successful run on the Seven Network until 2006.
A short-lived remake and revival called Million Dollar Wheel of Fortune hosted by Tim Campbell and Kelly Landry ran on the Nine Network for a brief period in 2008.