Tagged Questions

The aggregate amount of payouts, in reference to poker tournaments.

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4
votes
2answers
101 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
411 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 ...