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Big One for One Drop to Award Largest WSOP Prize Ever

Apr 12, 2012
Author: Steven Lock
Big One for One Drop to Award Largest WSOP Prize Ever

It’s official: the World Series of Poker will set at least one record in this year’s tournament series. WSOP officials are set to announce that they’ve secured 30 entries for the Big One for One Drop, guaranteeing that the tournament will offer a first prize of at least $12.3 million.

That will set a record for the largest prize ever awarded at the WSOP, or any other poker tournament around the world. It should narrowly beat out the $12 million that Jamie Gold won when he beat a field of over 8,700 players in the 2006 Main Event.

However, the winner of this prize won’t need to outlast nearly as many players as Gold did to win their prize. At the moment, officials are only sure of 30 confirmed entries, though officials expect that the tournament will reach the set cap of 48 players. If they do reach that maximum size, the tournament would award $18.3 million to the eventual winner.

If that were the first prize, it would instantly vault any winner to the top of the all-time money list – provided that a player such as Erik Seidel or Daniel Negreanu didn’t have a large enough cash to help them climb even higher. Still, even at $12.3 million, it’s likely that any professional player in the field would become the biggest money winner ever by taking down first place.

Not everyone in the tournament will be a seasoned poker veteran, however. In fact, the majority of tournament entries so far have come not from the poker world, but from the ranks of the ultra-rich – business tycoons and others who are not afraid to plunk down $1 million for a chance to mix it up with some of the world’s best players.

Of course, the fact that the tournament will raise significant funds for charity isn’t hurting attendance, either. About 11% of each entry is going to the One Drop charity, which helps bring water access to poor countries around the world. If the tournament should reach its cap, over $5 million would be raised for the charity.

The Big One for One Drop will begin on July 1, with the final table airing live on ESPN.

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