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What is a WSOP Bracelet Worth?

16 May 2022
phil-lowe
Phil Lowe 16 May 2022
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(Photo by ROBYN BECK/AFP via Getty Images)
A World Series of Poker (WSOP) bracelet is – quite literally - worth its weight in gold, but the real value to poker is in what it represents: poker greatness.

Many poker players dream of winning a WSOP bracelet. Since the first World Series of Poker in 1970, millions of players have tried to win one but only a fortunate few thousand have been successful.

When they were first introduced at the 1976 World Series of Poker, a WSOP bracelet cost approximately $500 to produce. Over the years, the design has changed several times, but the concept remains the same. That is, win a bracelet and etch your name in poker history.

Today, a WSOP bracelet is estimated to be worth around $500,000.

Winning a WSOP bracelet is the equivalent of winning the World Cup in soccer or a Super Bowl ring in the NFL. It is the standard of excellence against which all other poker accomplishments are judged.

In the early days of the WSOP, a bracelet wasn’t seen as that important. Former winner Doyle Brunson, who won 10 bracelets throughout his career, has admitted he did not even collect two of the bracelets he won!

But over the years, the bracelet has become more powerful.

1989 WSOP Main Event champion Phil Hellmuth, who has won more bracelets than anyone else in history, said “the bracelets have always been a really huge deal, to me more than the other guys, because I knew that they represented history.”

When poker started to enjoy huge growth in popularity as online poker became available, winning a bracelet became the dream of almost every poker player.

When she captured one in the 2005 WSOP Women’s Championship, actress Jennifer Tilly said that winning the bracelet was “better than an Oscar.”

For decades, the WSOP was limited to Las Vegas, but that changed in 2007 with the launch of the World Series of Poker Europe (WSOPE) in London, England.

Since then, the WSOP brand has continued to expand, and with it the opportunities to win bracelets such as the WSOP Asia-Pacific (WSOP APAC), WSOP Global Championship, and online at GGPoker.com.

In 2015, the WSOP awarded its first-ever online bracelet event. 905 players entered, with Anthony Spinella winning it for $197,743.

Over the next five years, online bracelet offerings only increased, especially in 2020 when they were the only options due to the unprecedented pandemic. In July 2020, 31 bracelets and $26,871,265 in prize money were awarded to players competing from New Jersey and Nevada. For international players, they had the chance to compete for one of 54 bracelets on GGPoker.

The series was a huge success, with bracelets being awared to top players such as two-time winner Alek Stasiak, Fedor Holz, Lev Gottlieb, Daniel Dvoress, Kristin Bicknell, Yuri Dzivielevski, David Peters, Connor Drinan, Juha Helppi.

The GGPoker 2020 bracelet events culminated with a $5,000 Main Event, a tournament that was awarded an official Guinness World Record for the largest prize pool for a single online poker tournament. With 5,802 entrants, the prize pool reached $27,559,500.

Stoyan Madanzhiev won that tournament for $3,904,686 - the biggest first-place prize awarded in the history of online poker.