More money for more people at 2007 WSOP

Family and Friends

More people will get more money. That's the result of the new and revised payout schedules for the 2007 World Series of Poker (WSOP).

The World Series of Poker organization has introduced a flatter payout schedule for the tournaments in 2007. Winners of events will get less, but most other money finishers will earn more.

"Our goal is to keep more money circulating among more people in the poker community," said Howard Greenbaum, regional vice president of specialty gaming for Harrah's Entertainment, Inc.

Last year, Jamie Gold received $12 million for his victory in the WSOP Main Event. If the new payout schedule would have applied in 2006, however, the first prize would have been $10,028,715 instead.

On the other hand, 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.

"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 Howard Greenbaum.

"The new schedules are designed to increase the rewards to players who finish in the money but don't reach the final table."

For more information about the 2007 WSOP payout schedules, visit worldseriesofpoker.com

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