Just a couple of days ago, a 16-year-old Fortnite pro won the Fortnite World Cup, winning $3 million for his victory in the competition. However, he may end up taking only about half of that number home with him.

Last weekend, Fortnite player Kyle Giersdorf or "Bugha," as he is known among players in the Fortnite community, won the Fortnite World Cup and officially earned a prize to the tune of $3 million. While Giersdorf still took home a large chunk of money, US taxes ended up cutting this amount in half, as reported by Ryan Friend of Rush B Media.

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In a tweet sent out by Ryan, he stated that the state of New York which held the Fortnite World Cup would be getting approximately $2.75 million for the event between all collected revenue. Ryan adds that Giersdorf in particular would give the state of New York $265,000 in taxes, while the federal government would be collecting about $1.2 million in taxes. Ryan adds that this would bring Giersdorf's prize money to about $1.5 million; half of what he originally won at the World Cup.

[embed]https://twitter.com/RyanAtRBM/status/1155852753278775296[/embed]

Ryan provided context for how he came to the amount Giersdorf would be taking home. He cited on Twitter that the highest tax rate in the U.S. Is 39.4% while the New York tax rate on prize winnings is 8.82%.

While it is good that the state of New York had the opportunity to collect $2.75 million from the entire event, between all forms of revenue, the amount of money that Giersdorf was taxed may be a bit shocking to many. It is widely known that state governments often take part of the prize winnings from lotteries and similar contests, but for Giersdorf's winnings to be collectively taxed in half may be a bit of an insult to him and his family.

This instance is quite the opposite of recent news that Rockstar Games has paid no taxes in the UK for the past decade. Politically, many are divided over the issue of taxation for various reasons, but it can universally be agreed that $1.5 million is a lot of money to be taxed in a prize of $3 million. In the end, Giersdorf still took home a great deal of money for a competition of this nature, but half was a considerable amount to take.

Fortnite is out now in early access for iOS, Android, PC, PS4, Switch, and Xbox One.

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