MrBeast Addresses Allegations That Beast Games Champion Will Only Receive Half of $10 Million Prize

MrBeast Addresses Allegations That Beast Games Champion Will Only Receive Half of $10 Million Prize

In a recent development regarding his popular game show, MrBeast made headlines with a succinct one-word reply to concerns about the prize distribution for the winner of the inaugural season of Beast Games. When asked whether the victor would receive merely half of the advertised $10 million prize, MrBeast’s response was simple yet poignant: “Only, ” accompanied by a crying emoji.

The first champion of Beast Games, Jeffrey Allen—known as Player 831—won after selecting the correct briefcase containing a check for $10 million. Although a significant portion of this amount will be deducted for taxes, Allen’s net earnings are still expected to surpass $5 million.

In an exciting twist during episodes 9 and 10, Gage Gallagher, or Player 974, had the chance to either win more or go home. He flipped a coin with a 50% chance of either outcome, and fortune smiled upon Allen as the coin landed on the ‘tails’ side, subsequently doubling the prize pool.

Understanding The Tax Implications on Beast Games Winnings

Winners of game shows like Beast Games face significant tax burdens. Below is a breakdown of the estimated tax obligations from Allen’s winnings:

  • Gross Prize Winnings: $10, 000, 000
  • Federal Income Tax (37% top rate): ≈ $3, 700, 000
  • California State Tax (13.3% top rate): ≈ $1, 330, 000
  • Total Estimated Tax Obligation: ≈ $4, 970, 000 (which is about 50.3% of the total prize)

Given these calculations, after settling his tax obligations, Allen’s take-home sum would roughly amount to $5, 030, 000. It is important to note that these figures may vary, as they do not account for any additional income that Allen may have.

beast game contestant #831
Source: Instagram – legacy.831

Despite the hefty tax deductions, MrBeast reassured fans that Allen would still take home a substantial amount. Moreover, Allen has expressed commitment to utilizing his winnings to support medical treatment for his son’s rare brain condition, known as Creatine Transporter Deficiency (CTD).

For more updates and insights on this topic, check out the source article.

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