{"id":324,"date":"2025-07-18T12:51:43","date_gmt":"2025-07-18T12:51:43","guid":{"rendered":"https:\/\/jampeltruvoxi.com\/?p=324"},"modified":"2025-07-23T09:24:40","modified_gmt":"2025-07-23T09:24:40","slug":"here-is-how-much-cash-the-finalists-of-the-wsop-main-event-2025-will-keep-after-tax","status":"publish","type":"post","link":"https:\/\/jampeltruvoxi.com\/index.php\/2025\/07\/18\/here-is-how-much-cash-the-finalists-of-the-wsop-main-event-2025-will-keep-after-tax\/","title":{"rendered":"Here Is How Much Cash the Finalists of the WSOP Main Event 2025 Will Keep After Tax"},"content":{"rendered":"

The post Here Is How Much Cash the Finalists of the WSOP Main Event 2025 Will Keep After Tax<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n

<\/div>\n

Big money<\/h2>\n

The Main Event of the World Series of Poker (WSOP) always attracts huge attention from players and fans alike. This year\u2019s rendition came to a close on Wednesday, with Michael \u201cThe Grinder\u201d Mizrachi taking home the $10m first prize<\/a>.<\/p>\n

Federally licensed tax professional Russell Fox took a deep dive into the numbers on his website named \u2018Taxable Talk\u2019 to see what taxes the nine people who made the final table<\/a> will have to pay.<\/p>\n

\n

purse for the finalists was $31m, with the after-tax prizes totaling just under $21m<\/p>\n<\/blockquote>\n

The purse for the finalists was $31m, with the after-tax prizes totaling just under $21m. The impact of taxes in different jurisdictions or professions means that some finishers actually took home more money than those who beat them.<\/p>\n

Differing situations<\/h2>\n

According to Fox, Mizrachi will need to forfeit almost $4m of the $10m he won between self-employment and US income tax, with no state tax applying as he lives in Florida.<\/p>\n

\n

neither of them being professional gamblers so they don\u2019t have to pay self-employment tax<\/p>\n<\/blockquote>\n

The second and third place finishers were John Wasnock and Braxton Dunaway. Since neither of them are official professional gamblers, they don\u2019t have to pay self-employment tax on the winnings. This means the runner-up prize of $6m for Wasnock will be hit with a $2.2m tax bill.<\/p>\n

Both the fourth and fifth place finishers reside in other countries that have tax treaties with the US. Kenny Hallaert lives in England and Luka Bojovic in Austria, two countries that don\u2019t tax gambling winnings, so the pair will keep all of their prize money.<\/p>\n

No luck for state governments<\/h2>\n

Not all nations exempt residents from paying tax on gambling winnings. Leo Margets became the first female in 30 years to reach the final table in the Main Event, and the Barcelona resident will have to pay about 47% of her $1.5m prize to the Spanish tax authorities.<\/p>\n

\n

professionals often choose to reside in the likes of Nevada, Texas, Washington, and Florida<\/p>\n<\/blockquote>\n

None of the nine finalists live in US states where income tax is required, so it\u2019s only the IRS who\u2019ll be seeing any of the money. US-based poker professionals often choose to reside in the likes of Nevada, Texas, Washington, and Florida for these exact reasons.<\/p>\n

The post Here Is How Much Cash the Finalists of the WSOP Main Event 2025 Will Keep After Tax<\/a> appeared first on Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The post Here Is How Much Cash the Finalists of the WSOP Main Event 2025 Will Keep After Tax appeared first on Vegas Slots Online [Read More…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/posts\/324"}],"collection":[{"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/comments?post=324"}],"version-history":[{"count":1,"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/posts\/324\/revisions"}],"predecessor-version":[{"id":325,"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/posts\/324\/revisions\/325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/media\/323"}],"wp:attachment":[{"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/media?parent=324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/categories?post=324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jampeltruvoxi.com\/index.php\/wp-json\/wp\/v2\/tags?post=324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}