Jannik Sinner may have pocketed a big sum of prize money for his triumph at Wimbledon but the UK government will be taking a fair chunk of that.<\/p>\n
The Italian defeated his adversary Carlos Alcaraz three sets to one at the grass court showpiece event and as well as the famous trophy, Sinner<\/strong><\/a> earned a huge amount in prize money.<\/p>\n For 2025, both the men\u2019s and women\u2019s singles champion took home \u00a33 million ($4.05 million) of a total $72.2 million prize pool but a finance expert has claimed that figure could be reduced to $2.5 million once relevant taxes have been paid.<\/p>\n Sean Packard, OFS Wealth\u2019s tax director, told Forbes<\/a> that in the UK, prize money is charged an initial withholding tax of 20% before paying up to 45% back to the government. Sinner would also have to pay tax on any endorsements he received for the equipment he used during the tournament.<\/p>\n The Italian would then have to pay income tax at his place of residence but the 23-year-old is registered in the tax haven of Monaco. Sinner is not the only tennis player to take advantage of this perk with Novak Djokovic, Daniil Medvedev, Holger Rune and Stefanos Tsitsipas all officially living in the microstate.<\/p>\n Losing finalist Alcaraz still lives in Alicante, so will have to pay tax in Spain too on his \u00a31,520,000 winnings.<\/p>\n Women\u2019s winner Iga Swiatek meanwhile still lives in Poland where she will have to pay an additional 4%, translating roughly to $162,000.<\/p>\n Losing finalist Amanda Anisimova will be required to pay additional US payments such as self-employment levies or additional Medicare surtax.<\/p>\n As well as the financial achievement, Sinner\u2019s victory over Alcaraz allowed him to put the French Open defeat behind him. Of that comeback, Sinner was said it was the aspect he was most proud of.<\/p>\n MORE ON JANNIK SINNER ON T365<\/strong> \u201cThis, I think, is the part where I\u2019m the proudest of because it really has not been easy. I always tried to be honest with me and had the self-talk too, you know, what if, what if? I always tried to accept it, in a way.<\/p>\n \u201cThings can happen. I believe if you lose a Grand Slam final that way, it\u2019s much better like this than someone kills you, you know, that you make two games. Then after you keep going, keep pushing.<\/p>\n \u201cI did a lot of intensity in every practice because I felt like that I could play very good. That\u2019s why I also said after Roland Garros that it\u2019s not the time to put me down, no, because another Grand Slam is coming up, and I did great here.\u201d<\/p>\n Read next:\u00a0Emma Raducanu gets sympathy from WTA Tour rival who admits she faces a \u2018difficult\u2019 challenge<\/strong><\/a><\/p>\n The post Jannik Sinner\u2019s true Wimbledon prize money revealed as winner set to lose third of his earnings<\/a> appeared first on Tennis365<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Jannik Sinner may have pocketed a big sum of prize money for his triumph at Wimbledon but the UK government will be taking a fair chunk of that. The Italian defeated his adversary Carlos Alcaraz three sets to one at the grass court showpiece event and as well as the famous trophy, Sinner earned a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-732","post","type-post","status-publish","format-standard","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/tennisring.com\/index.php?rest_route=\/wp\/v2\/posts\/732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tennisring.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tennisring.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tennisring.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tennisring.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=732"}],"version-history":[{"count":0,"href":"https:\/\/tennisring.com\/index.php?rest_route=\/wp\/v2\/posts\/732\/revisions"}],"wp:attachment":[{"href":"https:\/\/tennisring.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tennisring.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tennisring.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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