The World Series of Poker announced on Friday, October 18th, that the 2014 WSOP will see the return of the $1 Million Big One for One Drop.
The three-day event will be capped at 56 players (the 2012 Big One for One Drop was capped at 48 players with all seats filled) and runs June 29th to July 1st at Caesars Palace. The final table will be televised but the location is yet to be determined.
The 1st-place prize in this event could be more than $20 million if this event sells out; and the winner will also take home a special edition WSOP platinum bracelet from Richard Mille.
Providing a deposit will guarantee a seat to all who are interested in playing — reservations will be made on a first-come first-serve basis. The structure and payout scale can be found here. According to the WSOP, 16-20% of the entrants can expect to be paid.
The One Drop Foundation will receive $111,111 of the $1 million buy-in. Look for the WSOP to remind and encourage money winners in events throughout the summer to donate one percent or more of their winnings towards providing clean water to those in need. The inaugural Big One for One Drop is estimated to have donated close to $10 million of the $42.6 million prize pool to charity.
Guy Laliberté, One Drop founder, has already committed to playing the seven-figure buy-in tournament. He finished fifth in 2012 for $1,834,666 and donated all of his winning to the foundation.
“It was a terrific inaugural event in 2012 with One Drop raising nearly $5.7 million from the Big One event,” Laliberté said in a press release. “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 lives sustainably.”
Antonio Esfandiari won the 2012 Big One for One Drop, earning $18,346,673, and finished fourth in the 2013 One Drop High Roller for $1,433,438. Esfandiari, Phil Laak, and Jeff Gross traveled with One Drop to Honduras and El Salvador to directly help with the philanthropic efforts.
“This event quickly established itself as a special and unique and for that reason we chose to make it an every other year affair,” said Mitch Garber, Caesars Interactive Entertainment’s chief executive offer. “But we can’t wait to host it again in 2014 and continue to use the vehicle to impact the planet through One Drop’s platform.”
The 45th annual WSOP schedule is in the works; the staff is planning a “Save the Dates” announcement for November.