What began as a vision several months ago has become reality since the WSOP $1 million buy-in tournament is definitely going to happen from July1st-3rd. Dubbed “The Big One for One Drop,” this tourney already has 30 players confirmed with some of the biggest names in poker having made a commitment.

But before we get into the confirmed players, it’s worth mentioning that this tournament is already guaranteed to set two records. First off, the WSOP $1 million buy-in tournament will feature the biggest buy-in ever; the previously largest tourney was the $250k Aussie Millions High Roller.

As for the second record, the 30 confirmed players and interesting prize pool distribution will see the winner walk away with almost $12.3 million of the prize pool. Assuming this happens as planned, it would easily beat the $12 million that Jamie Gold received for winning the 2006 WSOP Main Event.

With such a massive prize involved, it’s no wonder why the top names in poker will be entering this event. Some of those confirmed include Gus Hansen, Patrik Antonius, Erik Seidel, Daniel Negreanu, Johnny Chan, Tom Dwan, Tony G, Dan Shak, Bertrand “ElkY” Grospellier and Jonathan Duhamel.

In addition to this stellar lineup of players, there will also be some prominent businessmen joining the tourney. These guys include Guy Laliberté, Bobby Baldwin (former player too), Phil Ruffin, Andy Beal, Sean O’Donnell, Richard Yong, Paul Phua and Arnaud Mimran.

The Big One for One Drop will see 10% of the buy-ins go towards Laliberté’s One Drop foundation, while a little under $27 million is available for the actual tourney. We still have plenty of time before July 1st, so both the number of participants and prize money could grow before the tournament starts. But even if it stays the same, we’re still in for quite a special event come WSOP time!