WSOP Finalists Face Heavy Tax Obligations in 2026 Main Event

The 2026 World Series of Poker (WSOP) Main Event concluded with substantial tax impacts on player winnings. Lucas Jumalon emerged victorious, claiming a $10 million prize. However, more than 40% of the total $30.25 million prize pool, amounting to over $12.2 million, was taken by tax authorities.

Winners and Their Payouts

Lucas Jumalon led the nine finalists and secured the first-place prize of $10 million. Despite residing in Washington, a state with no income tax, he faces a 39.91% federal tax, losing approximately $3,990,826. Other players also faced significant tax deductions:

• Lauri Saaskilahti (Finland, residing in Barcelona): Won $6,000,000, taxed $2,773,000.
• Greg Mueller: 'Semi-retired,' resulting in a tax of $1,122,000 from $3,750,000 winnings.
• Michael Gagliano: Owes $1,058,348 to the IRS and $272,335 to New Jersey.
• Han Feng: Taxed $889,753 from his $2,250,000.
• Rami Hammoud (Canada): Non-professional, faces a 30% withholding tax amounting to $522,000.
• Jamie Shaevel (California): Struck hardest with a tax rate of 50.37%, losing $755,500.
• Mario Boos (France): Pays $543,701 to DGFiP, retaining $706,299.
• Evagoras Evagorou: Exits with a $1,000,000 payout, taxed $346,500.

Tax Analysis and Distribution

Russell Fox, a poker player and tax expert, provided a detailed breakdown. His analysis showed that federal, state, and foreign taxes accounted for a total deduction of 40.58% of the combined prize pool. Here’s how each player’s post-tax prize stands:

• Lucas Jumalon: $6,009,174
• Lauri Saaskilahti: $3,227,000
• Greg Mueller: $2,628,000
• Michael Gagliano: $1,419,317
• Han Feng: $1,360,247
• Rami Hammoud: $1,228,000
• Jamie Shaevel: $744,500
• Mario Boos: $706,299
• Evagoras Evagorou: $653,500

Impact on Players

Many of the WSOP finalists experienced a dramatic reduction in their winnings. Jamie Shaevel, in particular, saw over half his earnings taxed away, illustrating the sharp consequences of taxation on professional players. This taxation issue remains a critical concern for those competing in high-stakes poker.

Understanding Global Taxation on Poker Winnings

Poker players often face complex international tax laws. Greg Mueller benefitted from his 'semi-retired' status, reducing his liability. Conversely, players like Lauri Saaskilahti, residing in high-tax jurisdictions, incurred large tax bills impacting their net income significantly.

For professionals and amateurs alike, comprehending these financial obligations is crucial for effective financial planning and legal compliance in high-stakes gaming.