Jeopardy! Champ James Holzhauer makes WSOP Debut, will Donate 50% Wins to Charity - Poker/Casino/Betting News from BankrollMob.com
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25

Jeopardy! Champ James Holzhauer makes WSOP Debut, will Donate 50% Wins to Charity

Tags: 2019 WSOP, James Holzhauer, Jeopardy, Mike Sexton, poker charity.
Posted on Tuesday, June 25, 2019 by "T".

Jeopardy! Champion James Holzhauer has made his WSOP debut this Monday in Las Vegas.

A pro sports gambler for over a decade, Holzhauer played in two events at the Rio Convention Center:
Event #56: $1,500 No-Limit-Hold'em Super Turbo Bounty
Event #57: $1,000 Tag Team No-Limit Hold'em (with Mike Sexton as his partner)

Both events were scheduled on June 24, Monday.

Holzhauer said, "I decided to enter because [Poker Hall of Famer] Mike Sexton contacted me and offered to sponsor my buy-ins. I don't have any plans to enter another WSOP event beyond those two. I played online poker semi-professionally in the early 2000s, but I don't intend to make a career of it now, as I'm sure I wouldn't be good enough at it to justify forgoing other opportunities."

The 34-year-old plans to donate 50% of any winnings to a Southern Nevada charity drive called Project 150, a nonprofit organization in Las Vegas for homeless, displaced and disadvantaged high school students. He was famous recently for having won $2.46 million during a 32-game win streak on the game show "Jeopardy!" which ended on June 3. He said that he and his wife donated around $300,000 to various charities.

A resident of Naperville, Illinois, Holzhauer recently made a donation in Alex Trebek's name to a Naperville pancreatic cancer walk.

The long-time Jeopardy! host Alex Trebek is currently battling stage 4 pancreatic cancer. During Holzhauer's final episode on the game show, 78-year-old Trebek expressed his gratitude to Holzhauer's 4-year-old daughter who gave him a handmade card, "I want to express my thanks to your beautiful little daughter, Natasha, for having made this get well card for me. That was very sweet of her."

Following the trend of his daughter's birthday, November 9, 2014, Holzhauer donated $1,109.14 to the Naperville walk and wrote a message on its website, "For Alex Trebek and all the other survivors."

Poker Background
Holzhauer said he hasn't played poker in about eight years, since the federal government swooped down and made online poker illegal in April 2011, "I stopped playing online poker due to a combination of the UIGEA legislation and realizing that I could make more money with less effort by betting sports. Honestly, my poker skills are so rusty that my main goal is to get lucky."

A lot of Holzhauer's close friends are actually poker pros, such as former college roommate Jameson Painter and 3-time WSOP bracelet winner Ben Yu.

Ben Yu said that Holzhauer is one of the smartest people he has met, "In poker, the smartest people are probably like Scott Seiver, Isaac Haxton - (Holzhauer's) right up there with them for sure. He has a phenomenal gambling mind. We do a lot of sports betting work together, share a lot of information. He's definitely someone I look up to."

Holzhauer said he has not yet met up with Yu for a poker refresher course, "Ben Yu is a close friend, but he has bigger fish to fry right now than teaching me how to play cards. Other friends have encouraged me to play in the Series, but I think they might just be hoping to get more dead money in the field. Several friends who are bracelet winners have been giving me quick coaching sessions. It's good to have people in the community. They're great people - I'd trust them with my life."

Invited to play at WSOP and also at partypoker MILLIONS Main Event later in November
Holzhauer participated in Event #56: $1,500 No-Limit-Hold'em Super Turbo Bounty and Event #57: $1,000 Tag Team No-Limit Hold'em, with Mike Sexton as his partner.

He was also invited to play in the $10,000 partypoker MILLIONS Main Event with $5,000,000 GTD in the Bahamas this November. He said with a laugh, "It would be nice if I don't embarrass myself. But I'm just really hoping to have a good time, and if I happen to win, then you know, that's gravy."

Mike Sexton shall be showing him the ropes at the WSOP and assured him to just relax on the felt, "I just want him to have a good time playing. He's come in to our world and we're all blessed that he's here."

Holzhauer showed up at his WSOP debut events wearing patches of Project 150 (the charity he will donate half of his winnings to) and of partypoker, courtesy of Mike Sexton.

Update:
In Event #56: $1,500 NLHE Super Turbo Bounty, Holzhauer finished in 454th place amongst 1,867 entrants. He didn't make the money since only the top 280 finishers got a share of the $2.5 million prize pool.

In Event #57: $1,000 Tag Team NLHE, Mike Sexton began play for both of them. However, it looks like before Monday ended, at 11:30pm, they were eliminated as well.

Source:
https://www.forbes.com/sites/jayginsbach/2019/06/23/jeopardy-champion-james-holzhauer-looks-to-cash-in-at-world-series-of-poker/#505d52e33aef
https://www.pokernews.com/news/2019/06/jeopardy-star-james-holzhauer-goes-all-in-at-the-wsop-34600.htm?itm_content=pn-hp-hero-1

 

 


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18 comments for "Jeopardy! Champ James Holzhauer makes WSOP Debut, will Donate 50% Wins to Charity"

 dule-vu6/25/2019 12:35:07 PM GMT
nice move from this man!would be nice to take as much as he can,this would mean that he will give lot of money to charity!
 CALICUL6/25/2019 2:08:24 PM GMT
So you can donate 50% of your profits to Project 150, you will have to win to recover your money back and to make a profit. This man proves talent and is possible to win money from poker. He is very generous and this is an excellent thing. Cancer is a disease who should investigated and people need to donate money for stopping this disease as much as possible.
 dule-vu6/25/2019 7:22:55 PM GMT
in this story whats important is that mike sexton will sponsor his buy-ins and main question is will he need to back him first this money,if he come in prize pool,if he must return him,how they will share this amount and on end how much he will give to charity from this money!too many questions!
 pajalnick6/25/2019 10:32:35 PM GMT
It is certainly extraordinary that a person is going to donate half of his profit to charity ... a good initiative from an unconditional champion .... I understand that this is a one-time action ..... and most likely this will not happen .... but the initiative itself is very cool .... good luck to him in the game
 copyyy2k6/26/2019 12:04:12 AM GMT
Wow such a generous move from this person 50% is gonna be alot of money.
Hopefully he is gonna keep playing good and winning more for generous thing he did.
Everyone should donate if they are good financially every dollar is worth.
 Mober6/26/2019 8:15:21 AM GMT
I believe this game is known all over the planet, although there was never broadcasted
here. Winning so many games in a row is not easy, not easy at all Smile
He got sponsored to play the events, offered to give money to charity,
so it would have been great winning something.
Unfortunately, he didnt finish in the money.
 bowie19846/26/2019 10:10:51 PM GMT
Posted by dule-vu:
nice move from this man!would be nice to take as much as he can,this would mean that he will give lot of money to charity!

In the USA that's just means he made half of his earnings tax-deductible - this is less about his generosity and more about his financial future.
 pajalnick6/26/2019 10:56:14 PM GMT
Posted by Mober:
Unfortunately, he didnt finish in the money.

Of course, it’s a pity that he didn’t get any winnings ... and so no charity will happen .... but in any case, people really help people .... so if now he couldn’t do it, then the next time will definitely help .. .. a wonderful initiative from a great champion of an interesting game ... maybe someone will repeat his initiative
 bowie19846/29/2019 5:52:09 PM GMT
Posted by pajalnick:
Posted by Mober:
Unfortunately, he didnt finish in the money.

Of course, it's a pity that he didn't get any winnings ... and so no charity will happen ...

I'm not liking these people who are advertising these things before they would win anything. It's ridiculous if they won't finish ITM after.
 pajalnick6/30/2019 6:30:03 AM GMT
I agree with you .... if you won nothing, then I easily promise anything .... and then play so madly understand that you give the money to charity .... If you are lucky you win that well and if not, then that's okay will not happen .... that's why, of course, it is better to donate money to charity when it is already in your pocket
 dule-vu6/30/2019 9:03:13 AM GMT
Posted by bowie1984:
Posted by dule-vu:
nice move from this man!would be nice to take as much as he can,this would mean that he will give lot of money to charity!

In the USA that's just means he made half of his earnings tax-deductible - this is less about his generosity and more about his financial future.


yeah,I forgot that they need to pay tax on this winnings!dont know how much do they take from them on poker winnings and what laws they have in las vegas,but if you say that is 50 % then its a lot!so he need to earn so much,that he can give half of winnings to charity and to back some money to mike who invested in him!
 greatgame36/30/2019 9:52:39 AM GMT
I hope that Holzhauer is successful and can donate 50% of his earnings to these high school students, a great demonstration of human quality that deserves my respect and admiration, I wish him the best of luck in the events where he participates so that these young students can receive a good donation
 CALICUL6/30/2019 9:57:44 AM GMT
He's a smart man but he must accomplish one thing. If he wants to profit from poker James Holzhauer need to learn some good strategy from someone who know very good poker holdem texas. He can pay a professional for 2-3 days of lessons.
 bowie19847/1/2019 4:36:31 AM GMT
Posted by dule-vu:
yeah,I forgot that they need to pay tax on this winnings!dont know how much do they take from them on poker winnings and what laws they have in las vegas,but if you say that is 50 % then its a lot!

No, other than his generic income tax the poker earnings are tax free - especially in Nevada. But every donation to a charity organization could be deducted from your tax the following year - means he could pay less tax in relation with the size of his donation.
 dule-vu7/1/2019 8:58:36 AM GMT
ah,I see what are you talking about!yes,americans have that law,when you make donation to some organisation,then they take this from your tax,especially companies to this things!but didnt know that in nevada is tax free,this is great news!I know that in america you pay tax on everything,but for nevada didnt know!
 CALICUL7/1/2019 10:12:24 AM GMT
I know Bowie and is a good thing. The American government is too much greedy and with this law many people can be helped. It is a law that greatly helps people in difficulty. However, I hope this man will make money from poker, to donate for charity.
 Nightkid7/1/2019 2:06:09 PM GMT
It is good sometimes to see this kind of news, but at the same time you can see the confidence you have in saying something like this ... hopefully you can see a good game and I hope you really donate that money, if you want to donate some also for me I would not complain hahaha Cool Cool Cool
 bowie19847/6/2019 8:57:50 PM GMT
Posted by dule-vu:
but didnt know that in nevada is tax free,this is great news!I know that in america you pay tax on everything,but for nevada didnt know!

You still have to pay income tax like everybody else does it every year, but Nevada won't tax your winnings - say if you hit a $5000 jackpot with one of the slotmachines in the casino you will get the full 5k right away. Of course after this, the 5k will be part of your income that year...
Florida and Texas have the best laws when it comes to taxes on income and property - if you are planning to live in the US try one of these states first.

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