World Series of Poker
The idea of a World Series of Poker began in 1969 with an event called the Texas Gambling Reunion. It was an invitational event sponsored by Tom Moore of San Antonio, Texas, and held at the Holiday Hotel and Casino in Reno. This inaugural event was won by Crandell Addington. The set of tournaments that the World Series of Poker (WSOP) would evolve into was the brainchild of Las Vegas casino owner and poker player Benny Binion. In 1970, the first WSOP at Binion's Horseshoe took place as a series of cash games that included five-card stud, deuce to seven low-ball draw, razz, seven-card stud, and Texas hold 'em. The format for the Main Event as a freeze-out Texas hold 'em game came the next year. The winner in 1970, Johnny Moss, was elected by his peers as the first "World Champion of Poker" and received a silver cup as a prize.
World Series of Poker
On June 2, 2011, the World Series of Poker and Cirque du Soleil founder Guy Laliberté announced plans for an officially sanctioned special fundraising event, known as The Big One for One Drop, starting on July 1, 2012 with a record US$1 million entry fee. 11% of the money (more precisely, $111,111 from each buy-in) went to Laliberté's charity, the One Drop Foundation, and the WSOP waived its normal 10% rake of the entry fees. At the time of the original announcement, 15 of the maximum 48 seats had been taken. By early December 2011, the field size had increased to 22, the minimum required for an official bracelet tournament. Among those who committed early to the event were Johnny Chan, Daniel Negreanu, Jonathan Duhamel, Tom Dwan, Laliberté, billionaire businessman Phil Ruffin and Erik Seidel. On April 12, 2012, the WSOP announced that 30 players had committed to the tournament, which brought the first prize to $12.3 million, exceeding the record amount won by Jamie Gold. In the end, all 48 seats were filled, resulting in a first prize of $18.3 million. Poker professional Antonio Esfandiari won the event, also receiving a special platinum WSOP bracelet.