Snooker Star Barry Hawkins Rakes in £100k Welsh Open Win—But Taxman Steals Half!
Barry Hawkins, the 46-year-old snooker star, clinched a dramatic victory at the Welsh Open in Llandudno, defeating Jack Lisowski 9-5 in a thrilling final. The match started with Hawkins dominating, quickly racing to a commanding 7-1 lead. Though Lisowski fought back, Hawkins’ tactical mastery ensured the comeback was swiftly quashed, securing his win with a final frame of 70-1. This victory not only marked his fifth career title but also ended a three-year title drought, making it even more emotional for the Kent-born player.
However, despite the glory of the £100,000 prize, Hawkins’ winnings are significantly reduced after deductions. As a professional snooker player in the UK, prize money is subject to both tax and National Insurance contributions. Upon receiving his prize, Hawkins saw the World Professional Billiards and Snooker Association take a 2.5% levy, reducing the sum by £2,500. This left Hawkins with £97,500. But as a high earner, with income over £125,140, he faces a 45% tax rate, which takes another £43,875.
After paying his taxes, Hawkins would be left with around £53,625. Additionally, National Insurance could take another 2%, reducing his final earnings to approximately £52,553—almost half of his initial prize money.
The Welsh Open victory came after a challenging period for Hawkins, who had considered withdrawing from the competition entirely. It was fellow professional Mark Selby who encouraged him to compete, ultimately leading to this emotionally charged and hard-fought triumph.
