$1 Million Tournament Will Be Official Bracelet EventPublished on December 5th, 2011 3:29 pm EST
WSOP.com revealed earlier today that the "historic" $1 million buy-in event at the 2012 World Series of Poker already has commitments from 22 different players. 22 players is a significant number, as this will make the tournament an official bracelet event.
The "Big One for One Drop", which will be benefiting the "ONE DROP" charity ($111,111 from each buy-in will go to the charity), will be taking place from July 1-3, 2012.
The money from the entry fees will go towards a "legacy project that will see a needy country receiving access to clean water".
The remainder of the money ($888,889 per entry fee) will go towards the prize pool. According to WSOP.com, this will likely result in the largest first place prize ever awarded in a poker tournament (the largest on record is Jamie Gold's $12,000,000 score in the 2006 World Series of Poker main event).
The tournament will be played as No Limit Hold'em, and 20% of the field is expected to be paid out.
Here are some of the names who have already committed to play in the event:
Guy Laliberte (ONE DROP chair)
Bertrand "ElkY" Grospellier
Some of the confirmed participants are choosing to remain anonymous at this point, while other names are expected to be revealed in additional announcements over the coming months.
Source: WSOP.com - WSOP's Big One for ONE DROP Officially Becomes a Bracelet Event
Filed Under: The World Series of Poker