Only

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In response to rumors about the prize for the first season’s Beast Games winner, MrBeast gave a brief answer, indicating they would receive approximately half of his $10 million earnings.

The response was made following a tweet from TopMob on Twitter/X, dated February 15, which said, “The individual winning MrBeast’s ‘Beast Games’ grand prize of $10,000,000 will actually receive only about $5.03 million due to taxes.

The YouTube celebrity, responsible for hosting and creating Beast Games, merely replied with “Just” accompanied by a weeping emoticon.

“Only” 😭

— MrBeast (@MrBeast) February 15, 2025

Jeffrey Allen, known as Player 831 on the show, became the first champion of Beast Games by correctly identifying the briefcase with a $10 million check inside. Although he’ll have to pay taxes on his winnings, the net amount he takes home will still be more than the initial prize money of $5 million.

Between episodes 9 and 10, Gage Gallagher (Player 974) tossed a coin with an equal probability of either sending him packing or increasing the winnings. Fortunately for Allen, the coin came up ‘tails’, thereby doubling the entire pot’s value.

Report claims Beast Games prize is halved due to taxes

The initial TopMob post stemmed from an analysis by Watcher.Guru, revealing the potential tax Allen may face due to his $10 million earnings. According to this analysis, here’s how the tax would be distributed:

The original TopMob article arose after Watcher.Guru shared details about the tax implications for Allen following his $10 million gain. The report provides a breakdown of the taxes as follows:

Or simply:

TopMob’s original post was based on a report by Watcher.Guru that explained how much tax Allen might have to pay because of his $10 million windfall. Here’s the breakdown:

If you win the Gross Prize of $10,000,000, you’ll owe approximately $4,970,000 in taxes. This includes about $3,700,000 to the federal government (at a top rate of 37%) and around $1,330,000 to California state (with a top rate of 13.3%). In total, you’ll owe 50.3% of your prize in taxes.

Game show prizes are subject to both federal tax and California state income tax, meaning Allen will have to pay about $4,970,000 in taxes on his $10,000,000 win. This leaves him with approximately $5,030,000 after taxes.

The figures in this report should be considered as rough estimates, as they do not factor in any income generated by Allen outside his primary activities.

Well, just as Mr. Beast hinted, it’s not that Allen is pinching pennies from the show. In fact, he’d still pocket the lion’s share based on those calculations. What’s more, Allen made it clear that this money will contribute significantly towards finding a cure for his son’s rare brain condition, Creatine Transporter Deficiency (CTD). Truly inspiring to see such selflessness!

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2025-02-15 19:49