Its first series featured 98 tournaments with $5 million in guarantees. With its immediate success, Party Poker announced a 2nd Powerfest in May of 2016. This one would be larger than the first, with 172 events and $7.8 million in guarantees.
Running on the success of the Powerfest, Party Poker has just announced the 3rd edition of Powerfest with more tournaments, and more prize money.
Starting on September 4th 2016, Powerfest will feature 198 tournaments with its largest guaranteed prize pool to date of $10 million. The series will feature four levels of buy ins so that all players can participate.
Each class will have set buy ins that grow larger in each class. Featherweights can enjoy buy ins starting at just $5.50, with a high buy in of just $11. The total guarantees for the Featherweight division will be $355,000.
Middleweight buy ins start at $22, and go up to $55 with $750,000 in guaranteed prize pools.
Heavyweight tournaments start at $109, with a large buy in of $215. The total guaranteed prize pool is $4.04 million.
For high rollers, you can play tournaments with buy ins ranging from $530, up to $5,200. Over $5.2 million in guarantees are up for grabs in this class.
Each class will also have a main event to end the series. The featherweight main event is a $11 buy in with a $40K guarantee. A $55 buy in main event for the middleweight has a $100K guarantee. The heavyweight main event is a $215 buy in with a $500,000 GTD.
The high roller main event is a $1,050 buy in with a cool $1 million guarantee.
To cap off the event, a 5th main event will take place on the 25th that will feature a $5,200 buy in and a $1 million GTD. This event will attract many pros, and high rollers which should be fun to watch.
Leading up to the series, a mini Powerfest will be held that features even smaller buy ins of $2.20 and lower; while still having some decent guaranteed prize pools that total $40,000.
Other than more events being added, and more prize money thrown in, Powerfest will consist of mostly freezeout tournaments. The first Powerfest was almost all re-entry, which wasn't liked by many players. Having freezeouts increased the draw for the 2nd Powerfest, and Party Poker plans to use the same format – aside from a re-buy here and there.
Satellites for the series are running daily so you can win your way to a larger buy in for a fraction of the cost.
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