The biggest buy-in event in World Series of Poker history will return for 2014. The Big One for One Drop will take place over three days, from June 29 to July 1, 2014, with a field capped at 56 players (comprised of seven eight-handed tables). According to the press release, the first place prize has the potential to reach in excess of $20,000,000 if every seat is filled, with 16-20% of entrants receiving a portion of the prize pool, depending on the final number of entrants. Unlike the rest of the WSOP events next year, the Big One will be held at Caesars Palace, except for the televised final table which will be played at the Rio All-Suites Resort.
The WSOP issued the following press release with further details on this year's event:
"The event will be reserved on a first-come first-serve basis, with those providing a deposit guaranting their seat. The winner will also receive a special edition WSOP platinum bracelet by famed jeweler Richard Mille. The event is open to anyone 21 years or older.
There are only 55 seats left up for grabs, as ONE DROP founder Guy Laliberté has already declared his intent to play. (He finished 5th in 2012, cashing for $1,834,666, after being knocked out by Antonio Esfandiari when his pair of Queens lost to Antonio’s Ace-King when a King came on the turn).
“It was a terrific inaugural event in 2012 with ONE DROP raising nearly $5.3 million from the BIG ONE event,” said Laliberté. “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.”
The buy-in for The BIG ONE for ONE DROP at $1 million, remains the largest ever for a poker event. There will be no rake or house fees to operate the event, and $111,111 of each buy-in will be taken out as a charitable donation to ONE DROP. Thus, $888,889 goes directly into the prize pool. In total, nearly $10 million from the inaugural $48 million paid in buy-ins ended up in the hands of charities. Here is a video of players making a ONE DROP charitable visit after the inaugural event: http://www.youtube.com/watch?
“This event quickly established itself as 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 officer. “But we can’t wait to host it again in 2014 and continue to use this vehicle to impact the planet through ONE DROP’s platform.”
The tournament brings together individuals in an unusual way for the cause of water for all. It is the belief of the organizers that this event will again attract high-net-worth individuals from all over the globe and across a wide range of businesses and occupations.
The BIG ONE for ONE DROP is an unprecedented effort to raise awareness of water-related issues amongst the poker community and beyond to raise funds to allow ONE DROP to continue to deliver on its important mandate. Funds will be directed to ONE DROP projects around the world, where the team is hard at work dealing with water access.
Poker players, with a long, consistent and successful track record of supporting charitable causes via poker tournaments, will still have an opportunity to join the cause, as all 2014 WSOP tournaments will include the chance to compete for huge prize pools with money earners in the events being encouraged to donate 1% or more of their winnings to ONE DROP.
The schedule for the 45th annual World Series of Poker is currently being developed, with an expectation for a “Save the Dates” announcement in November.
Since 2007, ONE DROP projects have changed the lives of more than 300,000 people in Nicaragua, Honduras, El Salvador, Haiti, India and Burkina Faso. In the next five years, with great fundraising activities, ONE DROP hopes to significantly increase its reach.