Partypoker Millions Online Smashes Record and $20 Million Guarantee

December 5th, 2018 | by Kaycee James

Partypoker can now lay claim to hosting the richest online poker tournament in history after the Millions Online event surpassed its $20 million guarantee.

The Partypoker Millions Online beats it’s $20 million guarantee to become the richest ever event of its kind. (Playground Poker Club)

Getting underway on November 25, the online version of its live tournament series was designed to set the new standard for big buy-in MTTs. With PokerStars holding the previous record at just over $12 million, Partypoker bosses were intent on making a statement with a prizepool almost twice that amount.

Partypoker MD Felt Like Breaking Records

Ahead of the event, Partypoker managing director Tom Waters told PocketFives that $20 million was the guarantee because $15 million “didn’t feel right.” Whatever Waters felt prior to the start, his target looked to be a step too far after two days of action.

Despite Day 1A attracting 1,574 entrants, just 484 players paid the $5,300 entry fee on Day 1B. With at least 3,778 players needed to meet the guarantee, the final three starting flights had to hit 1,720 entries to avoid an overlay.

When the final figures were in, 4,367 players had anted up, making the Partypoker Millions Online prizepool $21,835,000. As well as breaking the record for the largest online prizepool, the MTT also has one of the biggest top prizes in history.

In total, 500 of the 687 players taking part in Day 2 of the Partypoker Millions Online will receive a return on their investment. As per the payout structure, a min-cash will be worth $10,917, while a final table appearance will guarantee each player at least $327,525.

For the overall winner, a place in history beckons as well as a payout worth $2,729,376.

Another Record-Breaking Year for Poker

For Partypoker, the success of Millions Online is a testament to its growth over the last 12 months. After losing ground to PokerStars over the last decade, the operator has innovated and seized opportunities to get a step ahead of its closest rival heading into 2019.

Beyond the fortunes of Partypoker, the latest record-breaking tournament is a sign of the industry’s overall strength. This summer, the World Series of Poker (WSOP) in Las Vegas broke multiple records, while the Main Event became the second largest in history.

In tandem with these gains, online operators have shown there is enough interest in poker to reach heights that would have been considered unthinkable ten years ago.