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Poker's greatest tournament passes $1 billion payouts landmark

The World Series of Poker achieved a major milestone Sunday, announcing that it had officially crossed the $1 billion mark in prize money awarded over its lifespan.  Staring in 1970, the event has grown to the biggest poker competition on the planet, and this year celebrated its 40th anniversary.
 
Official 2009 tournament figures will be released Tuesday, July 7, after the close of Main Event registration, but running tallies confirm the landmark, said World Series of Poker President and Commissioner Jeffrey Pollack.
 
“It’s nice to reach this milestone during the 40th annual WSOP,” he commented. “What’s most remarkable is that nearly two-thirds of this amount has been awarded in just the last four years.  Poker is alive and well and here to stay.”
 
With registration still open for the $10 000 No-Limit Hold’em Championship – commonly referred to as the Main Event – the 40th annual WSOP already has had a remarkable summer despite the global recession. 
 
For the fourth consecutive year, the total WSOP prize pool will exceed $155 million – compared with a total of $354 million in prize money awarded during the WSOP’s first 36 years.
 
The WSOP is the world’s richest competitive event. Comparisons with other prominent events include:
 
* The Daytona 500 has awarded its winners some $21 327 256 since 1959. In just the past three years, WSOP Main Event champions have received $29 402 416.
 
* Wimbledon awarded a total of GBP12 550 000, or roughly $20.5 million, in 2009, less than a quarter of what the WSOP will award this year.
 
* The Kentucky Derby has paid its winners a total of approximately $16.7 million since 2001 – less than the nearly $17.5 million taken home by the 2007 and 2008 WSOP Main Event champions.
 
Historical prize pool information for the World Series of Poker:
 
2009 – To be advised Tuesday.
 
2008 - $180 774 427
 
2007 - $159 796 918
 
2006 - $159 599 815
 
1970-2005 - $354 000 000

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DeltaCorp To Acquire ace2three - Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month

More Australian POC Taxes - In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.

William Hill Exits Russia - "Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.

Pennsylvania Online Gambling Hearing Postponed till October - HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.

Two Mega Fortune Dreams Jackpots Hit - Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.

ASA Looking at Ladbrokes and Netbet ads - A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.

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XLMedia Half 1 2016 Earnings Report - Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.

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