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World Series of Poker Flattens Payout Structure, Increases Most Min-Cashes to Two Times the Buy-in

  • Players at the bottom of the pay scale will be paid more than last year
  • The min-cash for the Main Event will stay the same at $15,000
  • First prize in the Main Event will be cut dramatically
Dan Katz

Dan Katz graduated with a BS in Commerce from the University of Virginia and an MBA from Emory University. He clearly uses neither of those degrees now, having been writing about the gambling industry (specializing in poker) since 2005. Prior to that, he was an IT and management consultant. He is an avid gamer, primarily on PC, and enjoys collecting retro video games and consoles; finding room to set them all up is his current challenge. Dan lives in Atlanta, Georgia with his wife and two children. You can get in touch with Dan at [email protected].

WSOP chip stack
The top finishers in WSOP events will be paid less than they would have with last year’s payout structure. [Image: PokerGO.com]

The World Series of Poker has announced that tournaments in this year’s WSOP will have new payout structures, highlighted by a min-cash of two times the buy-in for “most” events. This serves to flatten the payouts, taking money away from the top finishers while allowing those toward the bottom of the pay scale to enjoy a more monetarily rewarding experience.

min-cash for the 2024 Main Event will be $15,000, exactly the same as in 2023

The biggest exception to the two times the buy-in rule is the $10,000 Main Event. The min-cash for the 2024 Main Event will be $15,000, exactly the same as in 2023. Where things will change drastically, though, is at the top.

According to the WSOP’s payout calculator, the first prize for a 10,000-entrant Main Event (very close to last year’s record of 10,043) will be $10m, a steep drop from the $12.1m first prize in 2024. Second place will be $6m, half a million lower than last year. The third and fourth place prizes will be the same, while the rest of the final table payouts will be higher than in 2023.

A fortuitous knock-on effect of the payout smoothing is that everyone at the final table will become a millionaire, which, beyond the benefit of the increased payouts for fifth through ninth, makes for good promotional opportunities for the WSOP.

The World Series of Poker begins Tuesday, May 28. The Main Event runs July 3 through July 17.

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