While the TV coverage of the 2016 WSOP Main Event regularly showed the payouts, they weren’t what the contestants actually received.
The tax system reared it’s ugly head, and took a huge chunk out of the final payouts.
Taxable Talk ran a full analysis of the final table payouts for all players and the regions they need to pay tax to.
– $25,445,388 was payed out at the final table
– $10,109,760 will be taxed
– 39.7% of the payouts will be taxed
This table breaks down where the $10,109,760 actually goes:
This table is the player breakdown, and what they ended up receiving after tax:
It’s incredible to see that Qui Nguyen, essentially takes home 2nd place prize, rather than the $8 million he won.
The players will of course, hire tax agents to try to minimize their tax payments, but the majority of the $10,109,760 to be taxed will end up in the hands of the various governments.