2007 WSOP Prize Set at $8.25 Million; Phil Hellmuth Busts Out

The top prize at the $10,000 buy-in no-limit Texas Hold‘em main event of the 2007 World Series of Poker will be $8.25, based on the 6,358 players who have entered the event over the tournament’s four starting days.
According the tournament's organizers, the payoff was revised up from the previously announced $8.23 million. Approximately $59.8 million will be paid out of the tournament’s pot to players who finish in the money.Last year's WSOP had a record 8,773 participants and was the biggest WSOP tournament ever, with a huge $12 million 1st prize. Due to the new online gambling law in the U.S., many potential players, who could once qualify via online poker sites, have been lost to the organizers.
In other WSOP news, poker legend Phil Hellmuth Jr. busted out of the tournament with a Ad/Qs hand against Isura Edirisinghe of Waterloo, Canada who had 10d/10c. The board came 9c/Jc/Js/Qc/6c giving Edirisinghe a flush.
Hellmuth did manage to make history in this year's WSOP by winning his 11th gold WSOP bracelet. He is the first to do so - both Johnny Chan and Doyle Brunson were tied with Hellmuth with 10 bracelets.