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Kyren Wilson set to immediately lose practically half of £350,000 Masters prize cash

John Higgins was trying to win his first Masters title in 20 years however Kyren Wilson secured the glory on a dramatic evening at Ally Pally.

Kyren Wilson is the Masters champion (Picture: Getty)

Kyren Wilson secured the Masters 2026 title on Sunday night, defeating John Higgins 10-6 at Alexandra Palace. It was a really tense encounter in London, with each gamers producing large errors in clutch moments. 

Nonetheless, Wilson got here out on high and in addition to the title itself, he has been rewarded with £350,000 for his efforts on the desk. Regardless of this, the English competitor is about to lose out on an enormous quantity of it resulting from taxes, charges and tour stucture.

The most important hit to his prize cash comes from tax. Being a resident of the UK, Wilson’s £350,000 is handled as revenue. Being a high-earner at properly above £125,140, the cash is topic to a forty five% further fee, with round £157,000 going to the tax man – assuming the total prize is taxed at this fee.

Secondly, the World Snooker Tour will then take their very own lower – a 2.5% levy. The cash taken from the pot by them is often reinvested into the sport and amenities. It will see Wilson lose one other £8,750 which takes the overall loss to £133,890.

Extra deductions will come from skilled bills. Prime stars like Wilson could have lots of people to pay, with administration and agent charges to account for. There are additionally additional prices for trvael and lodging in the course of the event. When it comes to the folks round him, they may simply cost between 5% and 10%, so might be asking for between £17,500 and £35,000. Assuming it is the latter, the overall sits at a whopping £168,890, that means his take residence pay shall be round £180,000.

An attention-grabbing loss comes within the type of rating factors fairly than cash. Whereas successful every other main event would add rating factors, the Masters is an invitational occasion and solely 16 gamers participate, which implies the prize cash doesn’t depend in direction of the Official World Rankings. Wilson is currrently seeded second so if the factors had counted he would have come inside touching distance of primary Judd Trump.

Wilson was massively emotional after the match and spoke to the BBC about his achievement. “In 2018 I misplaced within the closing and cried and I am attempting to not cry now because it means a lot to me,” Wilson informed BBC Sport. “It was an honour and privilege to share the desk with an idol of mine. It was simply an absolute dogfight and I attempted to be as dogged as John has been through the years, and that’s the reason he has been so profitable. I am glad he is managed to offer me one for a change.

“I by no means make it straightforward for myself. I all the time appear to do it the exhausting approach. I do not know why, it frustrates the life out of me however I’ll all the time give it my all. Even when I am struggling I’ll combat till the top till I lastly get my fingers on some silverware.”

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The subsequent massive occasion within the snooker world is the German Masters, which takes place in Berlin from January 26 to February 1. Now that the Masters has been performed, the ultimate main of 2025/2026 is the World Championship, which is able to happen on the Crucible in Sheffield in April. 

Wilson gained the 2024 World Championship and shall be hoping for a repeat of his efforts two years in the past. A ‘Triple Crown’ in majors is off the desk regardless of his Masters victory, with Mark Selby successful the UK Championship in December. 

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