Less than one month after announcing the $10 million guarantee for winning the WSOP Main Event would return in 2015, tournament organizers have done an about-face and will now pay the top 1,000 finishers and should the Main Event equal or surpass 2014 numbers, each member of the November Nine will earn at least $1,000,000.
“The dream of life-changing money is core to the DNA of the WSOP Main Event and we also want to make it easier to experience playing in poker’s Big Show,” said WSOP Executive Director Ty Stewart. “Our players understand numbers, and 2015 now presents the best odds ever to leave the Main Event a winner.”
Following the original announcement players voiced displeasure over the top-heavy payouts and Caesars responded by asking poker players to fill out a brief survey on various payout structures. These changes appear to be in response to that survey.
“The WSOP believes paying a higher percentage of players in this particular event, (based on last year’s entry figure would be akin to 15 percent of the field – nearly 50% more players than previously) will encourage both new and repeat participation for the Main Event, and thus an increased prize pool,” the company said in a release.
Using the 2014 field size (6,683 players) as a model, a min-cash will be worth $15,000 while the eventual champion will walk away with $8,000,000. The $8,000,000 first place prize would be the lowest since 2005 when Joe Hachem won $7.5 million for beating out 5,618 other players. To pay out the top 1,000 finishers the 2015 WSOP Main Event needs to be a minimum of 5,000 players.
Using the new, flatter payout structure the 2014 payouts would have looked like this:
- 1st place: $8,000,000
- 2nd place: $4,663,527
- 3rd place: $3,500,000
- 4th place: $2,750,000
- 5th place: $2,000,000
- 6th place: $1,500,000
- 7th place: $1,250,000
- 8th place: $1,100,000
- 9th place: $1,000,000
- 10th – 12th place: $550,000
- 50th place: $142,500
- 100th place: $50,000
- 500th place: $20,850
- 693rd place: $16,750
- 694th – 1,000th place: $15,000
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