In July, the WSOP is planning on launching the Online Series in the US. Players will be able to compete in several bracelet events in states where online poker gaming is regulated. Along with this upcoming series, the WSOP is now going to offer a new Online Championships tournament series. This option will feature $6 million in guaranteed prize money, the largest the series has ever offered in the United States.
Details of the Online Championships
This will be a new Online Championships tournament series to take place, but it marks the 8th time the WSOP has offered this type of tournament series. This time around, players will be competing in 140 events. Buy-ins will range from $5 to $1,000 which means players of all bankrolls and skill levels can take part.
The Main Event will offer up $400,000 in guaranteed prize money. The event is one of 19 that will offer a six figure prize pool. The Main Event will take place on June 26 and have a $525 buy-in. Players can re-enter as much as they like. Along with the prize money for first-place, the winner of this event will earn a champion’s belt similar to what the WWE provides its wrestlers.
The new series will be open to players in New Jersey, Delaware and New Jersey via the 888poker platform. Players located in these states can easily log in and get started taking part in any of the many tournament events once the series launches.
The series will consist of several formats and structures, for all-around appeal. Players will find rebuys, freezeouts, deepstacks and knockouts. Along with hold’em events, players will have access to Omaha events such as Pot Limit Omaha 8.
A highlight of the new series will be the Player’s Appreciation tournament. This option will be offered every Sunday and include a $100,000 prize pool guarantee. The buy-in is just $100, so this event should see heavy traffic flow.
The Online Championships will take place alongside the WSOP 2020 Online Series bracelet events. Via the WSOP online, players will be able to compete for 31 gold bracelets in Nevada and New Jersey. One bracelet event will take place each day in July. In this series, buy-ins will range from $400 to $3,200. Events on the schedule include Summer Saver, Monster Stack and a Senior’s Event.
The WSOP Online Series and the Online Championships is setting up the WSOP to be a big winner in the online poker market of the US. The brand is already popular and by continuing to offer quality online poker tournaments and special events, they should be able to capture and maintain the market share.
Online poker traffic numbers and revenues have soared over the past few months due to the coronavirus outbreak. Players are logging on in record numbers to take part in cash games and tournaments as a form of entertainment while being stuck at home.
Over the past few months, in New Jersey in particular, online poker revenues increased vastly. The industry in the Garden State usually earns about $1 million or more a month. However, since April, the revenue numbers have reached $3 million and beyond due to more player participation.
July is now setting up to be a huge month for New Jersey and Nevada when it comes to online poker. We look forward to seeing how the WSOP Online and the Online Championships fare next month.