5

I've been watching a few tournaments and I was wondering: how do international poker players take tournament prize money home?

For example, winner of 50th World Series of Poker (WSOP) 2019: Hossein Ensan won 10M$. He is from Germany.

Does he just travel with 10M cash? That wouldn't be safe, right? But as a foreigner, there are probably restrictions on opening bank accounts in the USA. What is the go-to move in this case? Does the casino just send him a wire-transfer with 10M?

Thanks!

| improve this question | |
  • Great question. I also wonder how taxes are applied and how much money is left for the player depending on where they are from and where they play (how much they win is probably also a factor). – jannis Oct 25 '19 at 7:34
  • If you win in Vegas(a big amount say from a WSOP event/jackpot), your local national taxes are applied, they take your details and they withhold it for tax purposes I believe. We don't have gambling taxes in Ireland so they never applied anything to me, so I'm just going on what has happened to friends. – Grinch91♦ Oct 25 '19 at 12:27

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.