Smith, who also took $1m+ scores in Barcelona and Melbourne in 2012, finished off Australian Gary Benson heads-up at the WPT Five Diamond final table to seal the win and push his career earnings up past $5.6 million.
Coming into heads-up with a 7-1 chip advantage Smith need just nine hands to finish Benson off.
Along with the $1.1 million first-place prize Smith will have his name engraved on the WPT champions trophy and receive a seat in the $15k WPT Championship in May.
Benson, a longstanding figure in Australian poker, earned $672,685 for his runner-up finish.
Sabat: Had to settle for third.
Sabat Third, Serock Out First
WSOPC crusher and former APPT Macau champ Eddy Sabat also made a solid run at the title but doubling Smith up twice three-handed eroded his chip lead and knocked him out of contention.
Fellow pro Joe Serock, who's been very successful on the WPT in the past with two big third-place finishes, came into the final table as one of the shorter stacks and exited in sixth.
Shaun Suller and Barry Hutter finished fourth and fifth. The official final six and payouts:
- 1. Dan Smith - $1,161,135
- 2. Gary Benson - $672,685
- 3. Eddy Sabat - $436,160
- 4. Shaun Suller - $303,793
- 5. Barry Hutter - $219,165
- 6. Joe Serock - $175,766
For a full recap of all the final-table action, check the WPT Live Updates. The next stop on the WPT is its first event ever in South Korea starting Dec. 15.