Luke Littler, the young darts champion, faces hefty tax bills after his recent success, totaling nearly £500,000 before his 18th birthday
London: So, Luke Littler just became the world darts champion, right? But here’s the kicker—he’s already forked out nearly £500,000 in taxes, and he’s not even 18 yet!
This 17-year-old sensation snagged a massive £500,000 for his title win last week. But get this—he’s already racked up over £1 million in tournament earnings before even winning that title.
According to Saxo, the investment firm, he made a whopping £811,000 just in 2024. That means his tax bill for this year alone hit around £369,384. Ouch!
When you add in the tax from his previous winnings, he’s already shelled out about £452,772 in income tax. And he’s not done yet; he’ll owe more tax on his latest win at Alexandra Palace.
Luke’s got some other cash coming in too, like a sponsorship deal with Target Darts that’s rumored to be worth millions. Dan Squires from Saxo even said he could make over £13 million without ever throwing another dart!
He suggested that if Luke invests half of his earnings now, he could see some serious interest. Like, if he puts £500,000 into an index fund with a 7% return, he could earn over £36,000 in just the first year. That’s more than what many people make in a year!
And if he leaves that money in there until he’s 65? He could end up with over £13 million. Not too shabby for a kid who just started his career!
