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4
votes
2answers
92 views

Does the buy-in for a tourney affect the taxes of your winning?

Let's say you are playing in the WSOP Main Event, and the bubble bursts and you're one of the first people to be knocked out. You go collect your prize of $19,106, how are taxes factored into this? ...
2
votes
1answer
356 views

Why offer guaranteed prize pools?

Almost all of the tournaments I choose to play have a guaranteed prize pool but often, the number of buy-ins exceeds the guarantee and then it becomes a standard prize pool equal to the number of ...