Low Interest Expected for November-Nine Money

With a volatile U.S. market and low interest rates, the final nine players in the 2011 World Series of Poker main event likely will not accrue significant interest dollars on their $21.1 million remaining prize pool in the weeks leading up to November’s finale.

Although it won’t be known exactly how much interest will be earned until the funds are withdrawn from the Goldman Sachs account, the money is expected to be risk-free. The fund’s objective seeks to “maximize current income to the extent consistent with the preservation of capital and the maintenance of liquidity.”

“With the market volatility we want the money safe and secure and that’s the priority,” said Seth Palansky, Communications Director for WSOP.

Last year, after the finalists were each paid ninth-place prize money from the initial final-table prize pool, the remaining amount of $21.7 million for spots 1-8 accrued $459 in interest over a three-month period. After the funds were withdrawn in late October, the interest dollars were redistributed amongst the top eight places in a sliding scale percentage consistent with the original payout structure. The same thing will happen this year.

Here is a look at the interest dollars in the brief history of the November Nine:

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