The World Series of Poker announced today the return of the biggest event prize-wise in poker history. The Big One for One Drop will be organized again next year in Las Vegas between June 29 and July 1, as part of the 45th annual WSOP.
This will be the second time such a tournament will be held in Vegas. In 2012, at the Rio All-Suite Hotel & Casino, poker pros, amateur millionaires, and big-game philanthropists each paid $1,000,000 to participate in the event. It was a historic win for Antonio Esfandiari, who cashed in the biggest single prize in tournament poker history: $18,346,673. “One Drop,” the charitable organization founded by Guy Laliberte, received over $5.5 million that helped support water access projects in remote regions of Central America, India and West Africa.
Next year, WSOP and “One Drop” plan to make the one million dollar buy-in event even bigger. The tournament will be capped at a maximum of 56 players. Participants will be required to make an initial $50,000 deposit in order to secure their spot. Final funds will have to be deposited 14 days before the event. WSOP will take 11.1% of the tournament buy-in and donate it directly to the charitable organization “One Drop,” with the remaining $888,889 going toward the prize pool.
If the cap is reached, the winner will be awarded the record-breaking prize of $20 million plus an exclusive platinum bracelet designed by world-renowned watchmaker Richard Mille. With 56 players registered, the total prize pool will be almost $50 million and only nine places will secure a positive ROI. Also, the charitable contribution will be over $6 million. “$7 million can allow ONE DROP to provide safe water to more than 70,000 people in one location such as Honduras, El Salvador or Burkina Faso,” the official “Big One for One Drop” tournament press release stated.