OutFront live Mon. – Fri. 7p ET

At least one person is dead and another injured after Virgin Galactic's SpaceShipTwo space tourism craft crashes in California. Brianna Keilar is in for Erin Burnett.
July 5th, 2012
12:58 PM ET

The Number: Poker tournament breaks record

On Sunday, 48 players paid one million dollars each to play in the tournament.
It might sound crazy that people would lay out a million dollars for a poker tournament, until you realize just how much they're playing for.

The winner of the tournament will take home a whopping $18.3 million. Just how much is that? It will be the largest-ever first place prize in any sporting event outside of boxing. Second and Third place have to settle for a paltry ten and four million dollars, respectively.

Fourth through ninth are guaranteed a million or two.  What are they going to do with the money? The players left are all famous pros or CEOs of big companies.
At least one of them Greenlight Capital co-founder David Einhorn has vowed to give all of his winnings to a charity called City Year.

And that brings us to tonight's number: $5,533,328. That is the amount of the tournament's purse that is being donated to charity.


Filed under: The Number
soundoff (One Response)
  1. Joey at Purdue Univ

    Oh, yeah. I saw Einhorn was tweeting the whole play-by-play @davidein.

    July 5, 2012 at 3:22 pm | Reply

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

Follow

Get every new post delivered to your Inbox.

Join 378 other followers