WSOP 2023 Main Event winner Weinman has to pay
The sound of the letters IRS usually raises alarm bells for poker professionals in the USA - after all, a large portion of the prize money paid out at the poker event in Las Vegas goes into the pockets of the Internal Revenue Service. This year's Main Event winner, poker pro Daniel Weinman, is expected to fork over around $5,520,000 (€ 1) to the US Treasury.
Winnings from online poker games (here: in the “Texas Hold’em” variant) can also be subject to income tax as income from commercial operations. – Federal Finance Court, Federal Finance Court: Federal Finance Court
Poker winnings: Large sums go to the state
In total, the IRS will receive over $9,600,000 (€ 1) from American finalists Daniel Weinman, Steven Jones and Adam Walton. But the majority of the other finalists from other countries are not immune to payments to the state. Ruslan Prydyk (Ukraine), Juan Maceiras (Ireland) and Daniel Holzner (Italy) also pay significant taxes in their respective home countries.
What are poker taxes like in Ireland?
The German poker player Jan Peter Jachtmann, who achieved an impressive fourth place at the 2023 WSOP Main Event, has to dig particularly deep into his pockets. In Ireland, as a professional poker player, he has to give up around half of his winnings to the state. Merely The two Brits Toby Lewis and Dean Hutchison are lucky after reaching the final and do not have to pay any taxes on their poker winnings due to British law.
In Ireland, poker is not legally considered a pure game of chance - in fact, the legislator is of the opinion that success at poker largely depends on individual skills. A poker player who earns his living primarily through the game of poker is subject to income tax on business income.
However, the legal situation is not nail-down. There is no solid definition of a professional poker player - instead, decisions are made on a case-by-case basis. For example, if a player regularly takes part in tournaments, this can be seen as an indication of the professionalism of his work and lead to a tax liability.
Tax evasion is widespread among German poker professionals
Most poker professionals don't fly under the radar of the tax office and have to dig deep into their pockets if they win big. The winners of the 2023 WSOP Main Event are not exempt from this. German professionals are regularly hit particularly hard. That is why in the past some players in Ireland, such as Koray Aldemir, have moved to other countries where they have to pay little or no taxes.
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