Every year after the WSOP Main Event, we have an article about how much the WSOP Main Event finalists will actually receive in their account after taxes on their winnings. The record-breaking Main Event is now over, we've met the winners, and it's time to tell you who will pay how much in taxes.

Jonathan Tamayo is the new champion of the record-breaking WSOP Main Event

Winner Jonathan Tamayo
 

Once again this year, Russ Fox of Taxabletalk.com has recalculated the actual winnings of the Main Event final table participants for us. Out of 10,112 players, the winner was Jonathan Tamayo, who took home $10,000,000 from a total prizepool of $94,041,600. As a Texas resident, he does not pay state income taxes, but he must pay federal income tax and, as a professional poker player, he must also pay self-employment tax. This will steal up to $3,992,302 of his winnings from his taxes, which is almost 40 percent.

Runner-up Jordan Griff

Amateur player Jordan Griff from Illinois secured a $6,000,000 reward for his second place finish. Since he is an amateur player he does not have to pay self-employment taxes, but as an Illinois resident he must pay state income tax. The estimated amount he will have to pay is $2,507,808.

Legendary online gambler Niklas Astedt

One of the best online players has shown us all that he won't get lost even in live tournaments. Swedish player Niklas Astedt finished in third place, which was worth $4,000,000. The U.S.-Swedish tax treaty exempts winnings from U.S. taxation. If Astedt had won this money in Sweden, he would not have been taxed at all. But gambling winnings earned abroad are taxed by Sweden, so the Swedish tax authorities will skim $1,400,000 from Niklas's winnings.

Jason Sagle from Canada

In fourth place with a prize of $3,000,000 was Jason Sagle from Ontario. As a Canadian, he is required to pay a 30 per cent tax on gambling winnings earned in the US. This leaves him with $900,000 of his winnings.

Boris Angelov from Bulgaria

Fifth place went to Bulgarian player Boris Angelov, who took home $2,500,000 for this place. The tax treaty between Bulgaria and the USA will not affect Boris' money. As a gambler in Bulgaria, he doesn't even have to pay tax on his winnings. The only tax he pays is a flat 10 percent income tax, so he will lose "only" $250,000 on his winnings.

Andres Gonzalez will pay the biggest tax

Spanish player Andres Gonzalez finished in 6th place, which was worth $2,000,000. The tax treaty between Spain and the US also exempts Andres from paying taxes in the US, but unfortunately for him, Spain has an income tax of up to 47 percent, so he will hand over $940,000 to the tax authorities.

By Brian Kim

Professional poker player Brian Kim, who is also regularly seen at Triton series stops, finished 7th in the Main Event, which earned him a $1,500,000 payday. As a Las Vegas resident, he pays no state income tax, but faces a self-employment tax of 39.41%, which amounts to approximately $591,126.

Qualifier Joe Serock

Professional poker player Joe Serock from Las Vegas made it to the WSOP Main Event from the $1,000 online qualifier, finishing in 8th place with a $1,250,000 prize. He should be subject to the same taxes as Brian Kim and so will lose $491,091 of his winnings.

Malo Latinois of France

Malo Latinois is a native of France, but lives in Dallas. He was the first player eliminated from the final table, so he took home $1,000,000 for his ninth place finish. France does not tax its citizens residing abroad, but Malo will have to pay U.S. income tax, which is more than 39 percent. Malo will thus lose $391,057.

So how much did the players net?

We've got a table for you to see the amount each final table participant earned after taxes. Boris Angelov would have finished in 4th place with his net winnings, not 5th place as he officially finished. In total, $31,250,000 was handed out to players at the final table, of which $11,463,384 went to taxes, or 36.68 percent.

Source - taxabletalk.com, pokernews