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In most cases, yes, you will have to pay taxes on money that you win in a poker tournament. In the United States, gambling winnings are considered taxable income by the Internal Revenue Service (IRS), and this includes money won in poker tournaments.
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    Throughout his career, Hellmuth's success on the poker felt has translated into significant financial gains. To date, he has accumulated over $28.7 million in live tournament winnings, solidifying his status as one of the highest-earning poker players in the world.
    Hellmuth's career earnings from poker tournaments amount to over $29 million. Aside from his poker success, he has ventured into various business endeavors, including publishing, clothing, real estate, and game development. Hellmuth has also appeared on television shows as a player and analyst.
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