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In Las Vegas, Poker’s Busy Season Is Sports Betting’s Slow Season by Brian Pempus

The annual World Series of Poker kicks off on Tuesday and runs through mid-July. Thousands of poker players descend on Las Vegas to vie for hundreds of millions of dollars in tournament prize money up for grabs each summer, spread across tournaments around town.

In 2018, the WSOP alone awarded a record $266,889,193 in prize money, which is effectively the tournament handle at the WSOP. The poker festival takes a fee for running the events of course, bringing the figure closer to $300 mm in tournament buy-ins for just the bracelet events. The WSOP also hosts popular daily tournaments, which commonly gather hundreds of entrants.

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