Changes In Charity Poker Tournaments

The State of Michigan has recently amended its regulations for charity poker tournaments.

Previously, the maximum prize to any one participant was $500. Now, however, maximum prizes are unlimited.

However, the prizes are essentially capped because the maximum amount that may be collected by a charity under the Millionaire Party License (which covers Hold 'Em) is $15,000. Out of that $15,000, prizes must also be paid to participants, presumably, so that limit essentially caps the top prize.