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Tuesday, June 21, 2005

WSOP Announces 2005 Prize Pool Could Reach $100 million

(Las Vegas) -- Organizers of the World Series of Poker, the richest sporting event on the planet, today predicted the total prize pool at this year's tournament will reach $100 million, more than doubling the record the event set just a year ago. With a total of 45 events, the 36th annual WSOP is the longest, largest and most prestigious event of its kind. Its unprecedented growth necessitated its move this year from its longtime home in downtown Las Vegas to the Rio All-Suite Hotel and Casino just off the Strip, where the tournament is hosted in a 60,000-square-foot gaming area equipped with 200 poker tables. "With each new event we host, we're breaking another record," said Gary Thompson, director of operations and communications for the WSOP. "We have brought in 450 of the world's best poker dealers to accommodate the enormous crowds flooding in from around the globe looking for both tournament and live-game action. Those players are contributing to a prize pool that will dwarf such events as the Indy 500, the Kentucky Derby and the Masters." The record prize pool is being driven by the unprecedented number of players paying entry fees to WSOP events. In 2003, the WSOP generated a total of 7,572 player registrations and a total prize pool of nearly $22 million. In 2004, the total number of player registrations nearly doubled, reaching 14,054 -- and the total prize pool soared to nearly $45 million. Through only the first 19 events, total registrations at the 36th annual WSOP have exceeded 13,500 and the total prize money has risen beyond the $23.5 million mark. With many of the most popular events still to come, organizers believe total prize money will reach $100 million by the time the tournament's main event begins July 7. (Poker Gazette) WSOP, WSOP World Championship, WSOP 2005