Luke Littler will have to pay a hefty tax tax bill for 2024-25 after making around £1 million in his first year as a professional darts player.
After a superb run in the Grand Slam of Darts and earning £150,000 (plus a further £3,500 for winning the group) – Littler has moved up to fifth in the world rankings.
The Nuke has two more tournaments remaining this year, playing in the Ladbrokes Players Championship Finals in Minehead and then the World Darts Championship.
If Littler manages to clinch the trophy on both occasions then it will take his overall tally to just under £2m.
How Much Has The Nuke Made In Debut Year?
Winning the Grand Slam of Darts meant that Littler now has his first TV-ranked major title at just 17-years-old and highlights the progress he has made since appearing at the World Championship less than a year ago.
The Nuke lost in the final of that tournament and is one of the favourites to go a step further by winning the competition on UK betting sites.
Despite losing in the final last time out, Littler still made a huge profit from the competition – picking up £200,000 in his defeat to Luke Humphries.
Using the momentum from the World Championship, Littler stunned darts fans by winning the PDC Premier League and earning £315,000 in the process.
The PDC Premier League ran for 16-weeks, with Littler winning £40,000 on the route to the final and the £275,000 prize money for winning the entire competition.
However, the Premier League is not considered when forming the overall rankings and the prize money did not improve his place in the ‘Order of Merit’.
Throughout the course of the year, Littler has impressed at a variety of tournaments and earned £91,000 from the European Tour and £71,500 from the Players Championship.
Littler has picked up nice sums of money from additional competitions, earning £80,000 from the World Series of Darts, £15,000 from the UK Open, £10,000 from World Matchplay and a further £7,500 from the World Grand Prix.
His most recent win at the Grand Slam was his third biggest win in terms of prize money and takes his current tally to around £1m (from ranked and non-ranked events).
The teenage sensation turns 18 in February and as previously mentioned, he will have two more chances to add to his overall tally – at the Ladbrokes Players Championship Finals in Minehead and then the World Darts Championship.
The Players Championship Finals in Minehead has a total purse of £600,000 and the winner will earn £120,000, while the World Championship winner will receive £500,000.
Luke Littler Total Prize Money 2024
Getting into specifics, the teenager has won a total of £953,500 when combining his prize money from all of his events this year.
When the PDC Order of Merit is calculated, it does not include all the events and Littler’s fifth place ranking from £558,500 is from his Grand Slam triumph and World Championship runners up spot last year.
His performances in the previously mentioned European Tour, UK Open, World Matchplay, Players’ Championship and World Grand Prix are also included.
When combining his £558,500 from ranked events and the £395,000 from non-ranking events then Littler is in touching distance of the £1m mark.
How Much Will Littler Pay In Tax?
After finishing as a runner up at the World Championships last year, Littler’s £200,00 prize money was taxed by 45% – so we have looked into how much tax Luke Littler will pay after his first year as a pro.
As this came in last year’s tax window, then it will not be counted towards his payment this year – which will be substantially higher.
As previously mentioned, Littler has made around £953,500 in prize money since his professional debut meaning he will be taxed by 45%.
Taking away the £200,000 leaves Littler on £753,500 and this means the 17-year-old will have to pay approximately £343,000 in tax – meaning Luke Littler will take home around £410,000 in his first pro year.
However, if Littler wins his next two tournaments this will add a further £620,000 to his overall prize money and take his tally too £1,573,500.
This would take his tax bill up to £728,512 and leave his overall income at £844,987.
