Online poker giant partypoker has released details of its latest Powerfest Festival and it is its most ambitious yet with more than $11 million in guaranteed prize pools.
When partypoker launched Powerfest in February 2016, it featured 98 events with combined guarantees of $5 million. The number of events almost doubled to 172 when partypoker next ran Powerfest, in May 2016, and the guarantees increased to $7.8 million.
In September 2016, Powerfest again hit the partypoker virtual felt, this time bringing $10 million in guarantees across 198 tournaments. On Jan. 22 the biggest and richest Powerfest on record kicks off with the first of 224 tournaments and over $11 million in cash to be won.
As with previous editions of Powerfest, the events are split into four categories to match their respective “weight divisions” from the site’s regular Power Series tournaments. There are Featherweight, Middleweight, Heavyweight and High Rollers, meaning buy-ins start at only $5.50 and increase to $5,200.
Powerfest Schedule Overview
|Dates||Power Series Weight||Buy-ins||Main Event||Total Guaranteed|
|Jan. 22-29||Featherweight||$5.50-$11||Jan. 29: $11 buy-in, $40,000 Gtd||$1,120,000|
|Middleweight||$22-$55||Jan. 29: $55 buy-in, $100,000 Gtd|
|Jan. 22-Feb. 5||Heavyweight||$109-$215||Feb. 5: $215 buy-in, $500,000 Gtd||$10,360,000|
|High Roller||$530-$5,200||Feb. 5: $1,050 buy-in, $1,000,000 Gtd|
Each weight class has its own Main Event that has a guarantee of at least $40,000 and up to a staggering $1 million. There is also a Super High Roller event costing $5,200 to enter and guaranteeing $1 million; satellites for this wallet-testing tournament can be found in the partypoker lobby now.
The $11 million Powerfest sees the return of the popular Powerfest leaderboards where players are rewarded for cashing multiple times during the festival. Players earn points based on their finishing positions in each Powerfest event, with the top earners sharing $225,000 worth of tickets to the £6 million guaranteed MILLIONS tournament where the eventual champion walks away with at least £1 million.
“Hosting Powerfest with our biggest ever guarantee of over $11,000,000 is an exciting challenge for us. We are always looking to build on the success of the previous Powerfests we have hosted," Tom Waters, group head of partypoker, said. "We have increased the guarantees on a number of events this time and have also added some new and improved tournaments to the schedule in response to feedback from our players. This Powerfest also offers added value through the MILLIONS tickets giveaway that could see players win their seat to the £6 million event at Dusk Till Dawn in April.”
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