Borgata Poker in New Jersey Features a Six-Figure Sunday High Roller Tournament

In a competitive New Jersey online gambling community, online gambling operators are always being pressed to compete for new customers. They also have to do what's necessary to satisfy the needs of their current customers. That's why online gambling operators always introduce new bonus promotions or update existing offers. Recently, Borgata Poker NJ in conjunction with the PartyPoker Network introduced a new poker tournament promotion that should appeal to the state's high rollers. The operator's "Six-Figure Sunday High Roller Tournament" is currently being featured with these terms and conditions.

The Borgata Poker's Six-Figure Sunday High Roller Tournament is currently accepting entry fees for the March 3, 2024, tournament, which is scheduled to start at 6:00 p.m. EST. The entry fee has been set at $1,000 with $950 being applied to the prize fund and the remaining $50 going to Borgata as an administration fee. Entries can be paid with tournament tokens, tournament dollars, or cash. Pre-registration will be available until the start of the tournament. Late entries and re-entries will be accepted until the end of the 18th blind level.

The game will be No-Limit Texas Hold'em. Each participant will start with 100,000 in poker chips. Blind levels will increase every 12-15 minutes.

The guaranteed prize fund has been set at $100,000. However, most of these high-roller tournaments exceed the guaranteed prize pool. The overall winner will get the lion's share of the prize fund with minor awards paid out based on the total dollars collected. The number of places to be paid will be based on the final number of entries.

Winners can expect to get their winnings within hours after the winner has been crowned. The money will be distributed as cash that will carry no wagering requirements before it can be withdrawn. Any winnings over $5,000 will be reported to the IRS on a Form W-2G. Anyone receiving this form will need to claim their gambling winnings when filing their 2024 tax returns.

This tournament will be available in all states that have licensed Borgata Poker or the PartyPoker Network. That means players in New Jersey might be playing against players from other states like Pennsylvania.

When registering to play online poker through the Borgata Poker NJ website, new customers but be present in the state and meet the minimum online gambling age of 21 years of age. Customer locations will be confirmed via tracking software.