The World Series of Poker announced on Friday that the $1 million buy-in Big One for One Drop event will return to the 2014 WSOP. The three-day event will take place June 29th-July 1st at Caesars Palace in Las Vegas and is capped at 56 entrants.
The first place prize is projected to be $20 million if the tournament sells out. One Drop founder Guy Laliberté has already committed to playing the event, leaving 55 open seats.
“It was a terrific inaugural event in 2012 with ONE DROP raising nearly $5.7 million from the BIG ONE event,” said Laliberté. “There is still a lot of work to be done to ensure access to water for all. I have no doubt that the poker community will once again live up to its reputation for generosity by helping to transform live sustainably.”
The landmark 2012 event exceeded all expectations and reached capacity with 48 players creating a prize pool of over $42 million. Antonio Esfandiari defeated Sam Trickett heads up for the title and over $18 million. The event generated nearly $10 million in donations to the charity.
“This event quickly established itself as special and unique and for that reason we chose to make it an every other year affair,” said Mitch Garber, Ceasars Interactive Entertainment CEO. “But we can’t wait to host it again in 2014 and continue to use this vehicle to impact the planet through ONE DROP’s platform.”
The tournament will take place outside of the confines at the Rio and will be held at Caesars Palace. The final table will be filmed by ESPN as a part of the 2014 WSOP broadcast. The bracelet will be a one-off platinum design by Richard Mille.
One Drop is a non-profit organization dedicated with the goal of providing clean water is available to all people. Esfandiari and Laliberté went on a highly publicized trip in 2012 highlighting some of the charity’s work in impoverished areas. The WSOP will not take a rake or house fees to run the event, but $111,111 will be taken out of each buy-in to go to the charity. Players that finish in the money will be able to make additional donations from their winnings if they wish.
The 2012 Big One for One Drop final table featured a pro-heavy field with David Einhorn, Laliberté and Richard Yong making deep runs. The seven-figure buy-in is scheduled to return every other year at the WSOP.
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