Teenage darts sensation Luke Littler has already paid a staggering £452,772 in income tax, despite not yet turning 18.
The newly-crowned World Darts Champion, who secured a £500,000 prize at Alexandra Palace last week, faces an even larger tax bill following his latest triumph.
The 17-year-old’s meteoric rise has seen him amass £1,013,500 in tournament earnings before his world title victory.
According to investment firm Saxo, Littler’s tax obligations in 2024 alone reached £369,384, based on earnings of £811,000 during that calendar year.
Luke Littler became world champion when he beat Michael van Gerwen last week
Reuters
The young champion will now face additional tax payments on his recent £500,000 world championship winnings.
His financial success began in 2023, when he earned £202,500 in prize money.
The following year proved even more lucrative, with Littler collecting £811,000 in tournament winnings.
His recent victory at Alexandra Palace, where he defeated Michael van Gerwen 7-3 in the final, added another £500,000 to his growing fortune.
The teenage prodigy’s total career earnings now exceed £1.5 million, marking an extraordinary achievement for someone who hasn’t yet reached adulthood.
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Despite these impressive earnings, a significant portion continues to be claimed by HMRC through income tax.
Beyond tournament winnings, Littler has secured significant commercial partnerships, including a lucrative sponsorship deal with Target Darts.
The agreement with Target Darts is believed to be worth millions, adding substantially to his income streams.
Dan Squires, chief commercial officer at Saxo, suggests the teenager’s financial future is bright even without competing.
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Luke Littler has already forked out a lot to the taxman
Reuters
“If he invested half of his career earnings today, or £500,000, into an index fund returning 7% annually, he would earn £36,145.04 in interest in the first year alone,” Squires told Sky.
This annual interest figure roughly matches the average British full-time salary.
Looking further ahead, Saxo’s Dan Squires projects even more impressive figures for Littler’s future.
“If he leaves that £500,000 into the same fund for his retirement, at age 65, he would have £13,293,751.87 without ever throwing another dart again,” Squires explained.
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Luke Littler could make £100million in darts, says Dr Rob Wilson
Reuters
Sports expert Dr Rob Wilson offered an even more optimistic outlook when speaking to LuckyBlock.
“He should comfortably earn £20m in prize money over the next 10 years,” Wilson said.
Wilson added that with sponsorships and other revenue streams, Littler’s career earnings “could easily hit £100m.”
“In sport no one has seen this sort of meteoric profile and earnings explosion,” Wilson noted.
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