Scott Blumstein left the World Series of Poker with $8.15 million in winnings, but he wasn't the only one celebrating the exhilarating championship at the Main Event.
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According to ESPN's Darren Rovell, a group of four friends gave Blumstein $60 each for his entry $10,000 entry fee. In the event of Blumstein winning money, the friends would be set to walk away with that share of the winnings. The investment paid off in the form of a Blumstein championship.
For the group of friends, they ended up turning that $60 into just over $40,000 each before taxes. That's some return on an investment.
Via ESPN:
Gerolamo, Aldo Boscia, John Scuteri and Nick Muldrow gave Blumstein $60 each toward his $10,000 entry fee and will each come away with $40,750 before taxes.
It's commonplace for poker players to have friends and family fund their entry fees to big tournaments in return for a piece of the winnings, but Blumstein's investors came in for smaller amounts than is typical. It also means that the money for them tends to be more life changing.
And that offer wasn't limited to Blumstein's friends. The eventual WSOP champion actually solicited shares of his winnings for entry-fee contributions back in June.
We all missed our chance.
LAS VEGAS, NV, July 23, 2017 (GLOBE NEWSWIRE) --
The 2017 World Series of Poker (WSOP) Main Event champion was presented with a custom championship bracelet from Jostens early Sunday morning at the Main Event Final Table in Las Vegas. Scott Blumstein from New Jersey took home a cash prize of $8.1 million along with the WSOP world champion bracelet created by Jostens, the leading custom jewelry designer and producer for professional, college, and high school champions across the country.
Custom-created by Jostens' artisan jewelry team, the bracelet is intricately assembled from over 40 uniquely-cast parts and crafted with 427 grams of white and yellow gold. The entire bracelet features 356 white diamonds totaling 25.5 carats, 626 black diamonds totaling 14.8 carats, and 194 rubies at an outstanding 3.8 carats.
Each link of the bracelet mimics a playing card, perfectly doubled down on both sides of the bracelet. This one-of-a kind design ups the ante by linking a diamond and ruby encrusted band to a show-stopping centerpiece featuring the acronym 'WSOP' written in rubies that are set against a backdrop of rows of perfectly placed white diamonds. The centerpiece is punctuated on all sides by a row of black diamonds.
Opening like a locket, the stunning centerpiece bracelet top reveals a hidden compartment designed to house the two winning cards from the player's final tournament, preserving the winning hand for all time. This year's winning player's bracelet holds an ace of hearts and a two of diamonds.
'Jostens has a longstanding tradition and commitment to celebrate champions and their championship moments, and we're honored to once again be the official bracelet manufacturer of the World Series of Poker,' said Miran Armutlu, VP Jewelry, Jostens. 'This year's bracelet – like its champion – will be remembered for its unique contribution to the game and to the WSOP tradition.'
'We're proud to work with Jostens to honor our World Series of Poker Main Event champion,' said Ty Stewart, Executive Director of WSOP. 'Our continuing partnership reflects the outstanding achievements of our champions and the game.'
About the World Series of Poker
The World Series of Poker (WSOP) is the largest, richest and most prestigious gaming event in the world, awarding millions of dollars in prize money and the prestigious gold bracelet – globally recognized as the sport's top prize. Featuring a comprehensive slate of tournaments in every major poker variation, the WSOP is poker's longest running tournament in the world, dating back to 1970. In 2017, the event attracted a record 120,995 entrants from 111 different countries to the Rio in Las Vegas and awarded more than $231 million in prize money. In addition the WSOP has formed groundbreaking alliances in broadcasting, digital media and corporate sponsorships, while successfully expanding the brand internationally with the advent of the World Series of Poker Europe, and now in 2017 WSOP China. For more information on the World Series of Poker, please visit www.WSOP.com.
About Jostens
Jostens is a trusted partner in the academic and achievement channel, providing products, programs and services that help its customers celebrate moments that matter. The company's products include yearbooks, publications, jewelry and consumer goods that serve the K-12 educational, college and professional sports segments. Founded in 1897 and based in Minneapolis, Minn., Jostens is a subsidiary of Newell Brands and can be found online at www.jostens.com.
About Newell Brands
Newell Brands (NYSE: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer's®, Coleman®, Jostens®, Marmot®, Rawlings®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, Waddington and Yankee Candle®. For hundreds of millions of consumers, Newell Brands makes life better every day, where they live, learn, work and play.
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This press release and additional information about Newell Brands are available on the company's website, www.newellbrands.com.
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