More Money Up For Grabs At WSOP!!

Less than a month away Harrah's has announced a new payout structure for this year's WSOP. Surprisingly payouts are increasing meaning those who have outplayed, outlasted their opponents will see an increase in winnings.

Of course payouts are based upon the number of registrants, this is still going to be a significant increase comparing to last year's events. It has been reported that most of last years main event players who cashed would receive under the new set out schedule almost double their winnings.
For example, the 2006 Main Event would have paid $22,266 for 873rd through 775th places, up from $14,605 or $15,512. Places 82 through 73 would have paid $126,173, up from $66,010. First place would have paid $10,028,715, down from $12 million, while second place would have been worth $5,442,769, compared with $6,105,900.

WSOP officials commented

"We are increasing the return to players who, after hours or days of grueling competition, are able to reach the money," said Howard Greenbaum, regional vice president of specialty gaming for Harrah's Entertainment, Inc. (NYSE: HET). "Our goal is to keep more money circulating among more people in the poker community."We discussed this concept with our poker operations team and with members of the WSOP Players Advisory Council and the consensus was that spreading the wealth is the right thing to do," said Greenbaum. "The new schedules are designed to increase the rewards to players who finish in the money but don't reach the final table."

Between the already excitement and growing anticipation from players all over the world, this is guaranteed to get more people talking and playing for their spot in the WSOP.

Qualifiers are still going on right now where you can win your way to these events through rooms like Pokerstars, FullTilt, and even Carbon Poker.

You can find the new schedule of payouts at http://www.worldseriesofpoker.com/ .