The IRS Wins $8.5M From WSOP Final TableAbout 43 Percent Of Final Table Prize Pool Goes To Taxes |
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The 2015 World Series of Poker final table finished this week in Las Vegas, with the final nine playing for a combined $24.8 million. According to analysis of tax liabilities of the November Nine by taxabletalk.com, the IRS collected nearly $8.5 million of the prize money.
Poker pro Joe McKeehen won the top prize of $7,683,346, so the IRS actually made more off the final table than the winner. McKeehen reportedly will take home $4,297,394 after taxes, but that doesn’t factor in any pieces of himself that he might have sold.
If you factor in state and local taxes, the total amount taken out of the prize money was roughly $10.1 million, or about 43 percent, according to the report.
The World Series of Poker raked $3,852,000 from the event, which drew 6,420 players.
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