Two-time World Series of Poker gold bracelet winner Steve Billirakis grabbed the overnight chip lead in the 2015 WSOP's Event #12: $1,500 Six-Handed No-Limit Hold'em.

The event's second day began with 206 players left in the hunt for a $457,007 first-place prize and WSOP bracelet. The 180-player money bubble burst part way through the day and by the time it was all said and done just 25 remained.

As Billirakis built a 1.015 million-chip stack, the only player to crest the seven-figure chip mark, WSOP bracelet winners Brent Hanks, Eric Baldwin, Eugene Katchalov, Steve Sung, Scott Seiver, Antonio Esfandiari, Bryn Kenney and David Benyamimine all hit the rail in the money.

Those bagging contending stacks included WSOP bracelet winner Craig McCorkell, Scott Montgomery, and 2012 WSOP Europe €50,000 Super High Roller champ Mike Watson.

Day 3 will begin at 1 p.m. local time Friday with plans to play down to a winner.