The payout structure of the World Series of Poker $10,000 Main Event has been changed according to an announcement made on Tuesday by the World Series of Poker. In 2014 a $10 million prize was guaranteed to the winner but the new structure will guarantee at least 1,000 places will receive at least $15,000.
"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," WSOP Executive Director Ty Stewart said. "Our players understand numbers, and 2015 now presents the best odds ever to leave the Main Event a winner."
The $10,000,000 guaranteed top prize in 2014 found some unhappy critics in the poker community — they argued that the rest of the payouts were negatively affected by the steep payout.
Martin Jacobson took home the $10 million first place prize in November and second place, Felix Stephensen, took home over half that amount ($5,145,968). Mark Newhouse made the November Nine in 2013 and 2014 — out in ninth place both times — he received $730,725 for his 2014 final table finish.
It's possible for every player at the final table to take home at least $1,000,000 in 2015 if the new structure brings more players to the Main Event.
The 46th Annual WSOP is set to begin on May 27th and run through July 14th. There are more than 60 gold bracelet events on the schedule and the Rio All-Suite Hotel & Casino will, as always, expect record breaking fields. The $10,000 Main Event will run from Sunday, July 5th until the November Nine is set on July 14th.
Look for the complete schedule for the 2015 WSOP to be announced this week!