Sandler brought his two daughters, ages 2 and 4, to Tuesday's ceremony in front of the W Hollywood Hotel.
The girls stole the show, taking the microphone from their father several times during his acceptance speech to say "I love my daddy."
"Let's hear it for my kids, who are now showing you that I cannot control them," Sandler joked.
Actor Henry Winkler spoke on Sandler's behalf, telling the crowd that the location of Sandler's star is bashert, Yiddish for meant to be, since it is located directly across the street from his own.
Sandler, who gained fame on "Saturday Night Live," has starred in such films as "Big Daddy," "The Wedding Singer" and "50 First Dates." His new film, "Just Go With it," in which he stars with Jennifer Aniston, opens later this month.