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World Series of Poker Flattens Payout to Money Finishers in 2007 WSOP EventWed, May 9th, 2007 @ 12:00am Yesterday, World Series of Poker officials announced that payout schedules for the 2007 World Series of Poker have been flattened, so most players who finish in the money in the 55 events will receive a higher percentage of the prize pools than in 2006, but those reaching the final table will receive less. After hearing complaints from 2006 WSOP players who spent many demanding hours of play over multiple days only to make the money with hardly any profit, WSOP officials have created a new payout structure for 2007 so money is not spread so thin down the line as it was last year. "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, regional vice president of specialty gaming for Harrah's Entertainment, Inc. "The new schedules are designed to increase the rewards to players who finish in the money but don't reach the final table." He added, "Our goal is to keep more money circulating among more people in the poker community." The new payout schedule still has the same number of players cashing in an event based on the number of entrants, but it flattens the amount paid out to players who finish in the money. "Overall, 846 players last year would have won substantially more money, in some case more than double what they collected in 2006," according to the WSOP announcement. But the redistribution means that top prize winners will receive less than they would have in the old structure. To illustrate the effect of the new payout structure, the WSOP announcement included a comparison of the actual payouts for the 2006 Main Event with what they would have been under the new payout schedule: "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." The new payout schedules are posted at www.worldseriesofpoker.com and indicate the percentage payouts for different numbers of players for different games. Click here for the complete schedule of each of the 55 World Series of Poker Events to be held at the Rio All-Suite Hotel & Casino in Las Vegas beginning June 1 and running through July 17.
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