If the spokes on the Wheel are metal... you could probably angle grind away the wheel..
and then re-attach the Stick to a single spoke.
To keep it from wearing... I suggest at minimal... making an E-Clip groove on the top of
the shaft... and maybe putting a washer right under the E-Clip.
Otherwise... Howard's idea is good (solid block of metal, cut and carved down to a circular
format). Drill and tap a set-screw hole... and you can fabricate a custom bearing mount.
2 part Epoxy Putty could probably work well too... and would be a lot easier.
I recommend QuikSteel (white plastic's version)... as its like 5000 PSI. Make sure to kneed it
Really good... for maybe 3 min... leaving at least 1 min for shaping. By the 5th min... it will be
hard as a Rock... in less than a 10 second window. Allow the stuff to cure for 24 hrs, before
putting it under and strain, and it should be plenty strong.
With Epoxy putty... you could even embed a standard bearing, or dual ball bearings, right into
the assembly.
Finally, "Friendly Plastic" is also an option that might be decent, for a quick prototype.
It can be a bit of a pain to work with.. but once its set... its solid and strong. (so long as
the parts do not get too hot... and thus melt. As such, some sort of bearing should be used,
just-in-case)
Finding a way to add a "Calibration Disc", would of course be the best... as otherwise.. the
Sticks direction will not match the onscreen Characters orientation.