Italian player Jannik Sinner has secured his place in the Wimbledon final, scheduled for Sunday against Spain’s Carlos Alcaraz. The women’s final will take place on Saturday, featuring American Amanda Anisimova and Poland’s Iga Swiatek. All four athletes are vying for a share of Wimbledon’s $4 million prize pool, but tax implications could significantly diminish their earnings.
Tax analysts have indicated that the champions may see their winnings slashed nearly in half due to taxation. According to Andreas Bosse, an international tax legal consultant based in Monaco, the winners will face a minimum of $2.9 million in combined taxes. The U.K. imposes taxes on both prize money and earnings from endorsements linked to the tournament. Players will initially incur a withholding tax of 20%, followed by an additional tax that can reach as high as 45% after expenses are accounted for.
Tax Breakdown for Wimbledon Participants
The grand prize of £3 million (approximately $4.05 million) is expected to be taxed at an effective rate of 36.52%. Sean Packard, tax director at OFS Wealth, estimates that this would reduce the winners’ earnings to at least $2.5 million. Runners-up, who would receive $2 million, could see their prize diminished by more than $700,000, leaving them with about $1.2 million after taxes.
Additional tax obligations may arise from each athlete’s home country. For instance, Anisimova, as an American, may face self-employment taxes and an additional Medicare surtax, further reducing her take-home amount. Alcaraz, on the other hand, is subject to Spain’s highest income tax rate of 47%. Although he can claim a tax credit for the U.K. taxes paid, this still results in a net prize of around $2.1 million.
Swiatek is also affected by her country’s taxation policies, likely incurring an extra 4% tax in Poland. This could cut her winnings by an additional $162,000 if she wins or $80,000 if she finishes as a runner-up. In contrast, Sinner will not face additional income taxes outside the U.K. because his primary residence is in Monaco.
Wimbledon Prize Pool and Match Schedule
The total prize money pool for this year’s Wimbledon stands at $72.2 million, reflecting a 7% increase from the previous year. Anisimova’s advancement to the final follows her impressive victory over top-ranked Aryna Sabalenka in the semifinals. Their match on Saturday is set to begin at 11 a.m. EDT and will be broadcast on ESPN.
The highly anticipated matchup between Sinner and Alcaraz will decide who claims the title of men’s champion, although the broadcast schedule for their final has yet to be announced. Alcaraz, currently the highest-paid tennis player globally with earnings of $42.3 million, is seeking his third consecutive Wimbledon title. Swiatek ranks fourth with total earnings of $26.7 million, followed closely by Sinner at $26.6 million.
As these athletes prepare for their respective finals, the significant tax implications serve as a reminder of the financial realities faced by top competitors in international sports.