Daniel Negreanu wins $50 million poker tournament; How much did he really win?

daniel negreanu poker

Daniel Negreanu He took third place for $124,000 Thursday in a buy of $25,000 Poker Joe Cup event, thus becoming the third player ever to reach $50 million in live tournament money.

According to Hendon Mob, the GGPoker Ambassador now has $50,116,496 on his resume. Just Brian Kenny ($57,221,865) and Justin Bonomo ($58,954,124) They have more. Stephen Chedwick It currently ranks fourth at $44,665,132, followed by Eric Seidl who just made $42,441,244 with 2nd place in PokerGO Cup.

Negreanu placed third in Event No. 7, a No-Limit Hold’em tournament a day after botching his eighth-place finish in Event No. 6, also an NLH ($50,000) tournament. The PokerGO Cup Series concludes on Friday with the $50,000 No-Limit Hold’em Final Table, which can be seen at Poker Joe.

Check out our player profile on Daniel Negreanu here!

How much is $50 million in poker cash really?

Daniel Negreanu

Hendon Mob is the leading database of tournament results, but the data only includes cash as it would be nearly impossible to accumulate winnings. But Negreanu has always been open about his results. during his annual work World Series of Poker Vlogs, he keeps a running tab of his gains and losses all summer long.

Last year, it was disappointing Lost $1.1 million It failed to win a bracelet for the ninth year in a row. His sixth and final WSOP title came in 2013 at the WSOP WSOP Europe He hasn’t won a bracelet in Las Vegas since 2008.

Last month, the Poker Hall of Famer shared data on his total earnings since 2013. According to his calculations, it increased just over $13 million over the nine-year period (2020 is excluded due to COVID).

So how much did he make from the $50.1 million in cash he made? Poker News Estimated somewhere in the ballpark of $18-22 million, which Negreanu agreed is a reasonable guess. The first of Hendon Mob’s 436 chests on record came in 1997, so there’s no way to get an exact number.

But if we factor in the $13 million in earnings since 2013, add the $4 million earned in 2004, and then factor in an estimated average annual profit of $100,000-200,000 from 1997-2012 (minus 2004), we’d get somewhere in Range of $18 – $22 million.

Times have changed

Although Hendon Mob’s results in Negreanu have gone up since 2013, it’s likely that its return on investment (ROI) has declined compared to its previous years. This isn’t to say he was a better poker player a decade ago – far from it – but there are larger subscription tournaments these days, and those events attract smaller fields.

In all likelihood, his best year in terms of return on investment was 2004. He made $4.4 million, which wouldn’t be something to go crazy for in the 1920s. At the time, there weren’t many events priced over $10,000 to enter. As Negreanu explained, the buys that year were likely around $250,000, which means he made upwards of $4 million or more.

Compare that to a decade ago where they averaged less than $1.5 million in annual earnings, flickering with a $7.1 million profit in 2014 thanks to their second-place finish. Daniel Coleman for $8.3 million at the $1 million WSOP Big One for One Drop entry event.

$1 million, or even $50,000 buy-in tournaments were not a thing in the 2000s. Now high roller events are a dime a dozen. Negreanu said his WSOP add-ins from 2013 to 2022 amounted to $20.5 million, or about $2 million on average annually. In recent years, he has limited his tournament exposure to the WSOP and World Poker Tour Events in Las Vegas, tournaments on PokerGO Tour.

The current all time live tournament poker money leaders

Place player total profits Total Hendon Mob Funds
1 Justin Bonomo $58,954,124 216
2 Brian Kenny $57,221,865 187
3 Daniel Negreanu $50,116,496 436
4 Stephen Chedwick $44,665,133 272
5 Eric Seidl $44,241,244 367
6 Jason Kuhn $4,238,725 188
7 David Peters $41,780,032 330
8 Dan Smith $39,390,859 177
9 Mikita Padziakowski $38,302,022 122
10 Phil Ivey $38,281,867 197

Negreanu’s career in a nutshell

daniel negreanu poker

Outside Eric Seidl And Phil HellmuthThere is no one who has consistently performed over the past 20 years in live tournaments.

Months before he turned 24, he won his first WSOP bracelet in 1998, with $169,460, his first ever six-figure score. One year later, the televised show won $7,600 American Poker Championship in Atlantic City for $210,000. By 2003, he had already had five years of six-figure earnings in tournaments, which might not seem like a big deal in 2023, but the fields were much smaller, as were the buy-in fees.

Making $1 million a year during the 1990s and early 2000s was a rare feat, and usually only the WSOP Main Event winner could make it.

When the poker boom hit in the mid-2000s, profits began to rise along with field sizes. There were also more $10,000 tournaments. He won bracelets in 2003, 2004, 2008 and two in 2013, along with taking WSOP Most Valuable Player awards in 2004 and 2013, and briefly in 2019 before The results have been recalculated.

As the tournament landscape has changed for the higher-stakes players, so has Negreanu’s earnings. He began playing $25,000 and up tournaments regularly, mostly in small court events but against some of the best players in the world. Outside of 2016 and the year of COVID (2020), he has earned over $1 million every year since 2011, 14 times in his life.

In October 2022, he had his second-highest score ever – 3.3 million dollars – To win a $300,000 subscription Super High Roller Bowl In Las Vegas, the only city where poker is played these days.

A third of Negreanu’s total cash came in just five tournaments (see below). But even without that, he still raked in $33 million in cash, which alone would be good enough to land in the top 15 of all time on the Hendon Mob charts. How much he won from those 431 events, if you were wondering, is more than enough to buy a mansion in Las Vegas, and we’ll leave it at that.

Big Five Money from Negreanu

year Competition Place monetary
2014 $1,000,000 in WSOP Big One for 1 Drop 2 $8,288,001
2022 $300,000 Super High Roller Bowl 1 $3,312,000
2018 $300,000 Super High Roller Bowl 2 $3,000,000
2004 $15,300 WPT Five Diamond World Poker Classic 1 $1,770,218
2019 $100,000 WSOP high roller 2 $1,725,838

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