BetMGM Poker MI is ready for its players to go headhunting with the announcement of the BetMGM Summer PKO Fest, set to run from Sunday, Aug. 14 through Sunday, Aug. 21.
The eight-day series has 25 events on the docket, with buy-ins ranging from $20 to $215. It will also run concurrently on its platforms in New Jersey and Pennsylvania, with a combined $480,000 in guarantees.
PKO series will bring heated action
Progressive knockout tournaments are quite the rage in poker right now because they often create more action than other types of tournaments.
In this format of play, half of each player’s buy-in goes to the prize money up for grabs, while the other half is their bounty.
When players earn a knockout, they win half of the opponent’s bounty while adding the remaining half to their total. Of course, as bounties increase, players may have an incentive to adjust their play accordingly.
These tournaments also allow players to earn money without making it “into the money” or to amass larger bounty payouts than won from the prize pool itself.
BetMGM is giving the players what they want
Now that Michigan poker players are back home and the WSOP is officially behind us, BetMGM is focusing on continuing its momentum from a strong summer that included an online series and the BetMGM Poker Championship at ARIA Resort and Casino, Las Vegas.
“As we reach poker’s summer months, it becomes more important than ever to offer players what we know will be popular and, right now, progressive knockout events are more popular than ever,” Luke Staudenmaier, Director of Poker at BetMGM, said.
Staudenmaier added that this is the sixth series in which BetMGM Poker will feature at least one PKO event and the second dedicated to all PKOs. The first of its kind was in February 2022.
BetMGM Summer PKO Fest schedule
The series spans two Sundays, and multiple events will run each night. All tournaments are No-Limit Hold’em except for Saturday, Aug. 20. Those three events will be Pot-Limit Omaha.
| Date | Time | Event | Buy-In | Bounty |
|---|---|---|---|---|
| Aug. 14 | 5 p.m. | Summer PKO Opener | $215 | $100 |
| Aug. 14 | 6 p.m. | Summer Scrap PKO | $50 | $25 |
| Aug. 14 | 7 p.m. | Summer Sprint PKO | $20 | $10 |
| Aug. 15 | 7 p.m. | Summer Slam PKO | $100 | $50 |
| Aug. 15 | 8 p.m. | Summer Scrap PKO | $50 | $25 |
| Aug. 15 | 9 p.m | Summer Sprint PKO | $20 | $10 |
| Aug. 16 | 7 p.m. | Summer Slam PKO | $100 | $50 |
| Aug. 16 | 8 p.m. | Summer Scrap PKO | $50 | $25 |
| Aug. 16 | 9 p.m | Summer Sprint PKO | $20 | $10 |
| Aug. 17 | 7 p.m. | Summer Slam PKO | $100 | $50 |
| Aug. 17 | 8 p.m. | Summer Scrap PKO | $50 | $25 |
| Aug. 17 | 9 p.m | Summer Sprint PKO | $20 | $10 |
| Aug. 18 | 7 p.m. | Summer Slam PKO | $100 | $50 |
| Aug. 18 | 8 p.m. | Summer Scrap PKO | $50 | $25 |
| Aug. 18 | 9 p.m | Summer Sprint PKO | $20 | $10 |
| Aug. 19 | 7 p.m. | Summer Slam PKO | $100 | $50 |
| Aug. 19 | 8 p.m. | Summer Scrap PKO | $50 | $25 |
| Aug. 19 | 9 p.m | Summer Sprint PKO | $20 | $10 |
| Aug. 20 | 7 p.m. | Summer Slam PKO - Pot-Limit Omaha | $100 | $50 |
| Aug. 20 | 8 p.m. | Summer Scrap PKO - Pot-Limit Omaha | $50 | $25 |
| Aug. 20 | 9 p.m | Summer Sprint PKO - Pot-Limit Omaha | $20 | $10 |
| Aug. 21 | 5 p.m. | Summer PKO Main Event | $215 | $100 |
| Aug. 21 | 6 p.m. | Summer Slam PKO | $50 | $25 |
| Aug. 21 | 7 p.m. | Summer Scrap PKO | $100 | $50 |
| Aug. 21 | 8 p.m. | Summer Sprint PKO | $20 | $10 |
Buy-ins listed above include the bounty value from the following column. All players must be 21 years old and within Michigan state lines to compete.
