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Since 1972, the Main Event of the WSOP has been the $10,000 buy-in no-limit Texas Hold 'Em tournament. The winner of the WSOP Main Event receives a World Series of Poker bracelet, millions of dollars (with the exact amount based on the number of entrants), and the right to be considered the year's World Champion of Poker. [2]
The first tournament to reach a million dollar prize pool was the 1983 WSOP Main Event. The WSOP Main Event of 2004 had the first prize pool of above $10,000,000. The largest non Hold'em Tournament has been the 2008 WSOP $50K HORSE with a prize pool of $7,104,000 and the first prize of $1,989,120 going to Scotty Nguyen .
The Big One for One Drop is a $1,000,000 buy-in No Limit Texas Hold 'em poker tournament hosted first in 2012, and for its first four editions, with the World Series of Poker (WSOP). It became the highest buy-in poker tournament in history as well as the largest single payout offered. The event was hosted again in 2014, 2016 and 2018.