BetMGM Poker New PKO Series in New Jersey Dealing Over $180K In Prize Pools
Knockouts for cash will be occurring this August in New Jersey, but don’t worry, no one will be harmed. BetMGM Poker is running the Summer Progressive Knockout (PKO) Poker Fest from. Aug. 14-21 This included 25 events and over $180,000 in guaranteed prize pools.
“As we reach poker’s summer months, it becomes more important than ever to offer players what we know will be popular and, right now, progressive knockout events are more popular than ever,” BetMGM Director of Poker Luke Staudenmaier said in a news release. “This is the sixth BetMGM Poker event to feature PKOs in 2022 and the second to be built completely around the variant.”
NJ online poker players can get in the action on the partypoker, BetMGM, and Borgata Poker skins.
What’s a progressive knockout (PKO)?
For anyone that is new to a PKO tournament, these generate a lot of bankroll building potential. These are special types of bounty tournaments. When a player eliminates an opponent, that player cashes in for 50% of the opponent’s bounty.
Those funds go directly into the winning player’s own account. The other half is added to the player’s own bounty. This makes bounties increase throughout the tournament, providing for some interesting dynamics later in the event.
BetMGM Summer PKO Fest highlights
The main event in the series is the Summer PKO Finale tournament taking place in New Jersey on Aug. 21. New Jersey’s Main Event comes with a power-punched $30,000 guaranteed prize pool.
Besides the PKO Finale, BetMGM Poker is offering many other interesting tournaments. Other events that stand out include:
- $215 Summer PKO (Event 1, Aug. 14) – $20,000 guaranteed
- $100 Slam PKO (Event 7, Aug. 16) – $15,000 guaranteed
- $100 Six-Max PKO (Event 16, Aug. 19) – $10,000 guaranteed
- $50 Pot Limit Omaha PKO (Event 20, Aug. 20) – $4,000 guaranteed in NJ
BetMGM NJ Summer PKO Fest schedule
Here is the complete schedule for New Jersey:
| DATE | Event | Buy In | GRTD Prizepool | KO Bounty | Time |
|---|---|---|---|---|---|
| August 14 | #1: $20K GTD Summer PKO Opener | $215 | $20,000 | $100 | 5 p.m. |
| August 14 | #2: $5K GTD Summer Scrap PKO | $50 | $5,000 | $25 | 6 p.m. |
| August 14 | #3: $2K GTD Summer Sprint PKO | $20 | $2,000 | $10 | 7 p.m. |
| August 15 | #4: $10K GTD Summer Slam PKO | $100 | $10,000 | $50 | 7 p.m. |
| August 15 | #5: $4K GTD Summer Scrap PKO | $50 | $4,000 | $25 | 8 p.m. |
| August 15 | #6: $2K GTD Summer Sprint PKO | $20 | $2,000 | $10 | 9 p.m. |
| August 16 | #7: $15K GTD Summer Slam PKO | $100 | $15,000 | $50 | 7 p.m. |
| August 16 | #8: $5K GTD Summer Scrap PKO | $50 | $5,000 | $25 | 8 p.m. |
| August 16 | #9: $2K GTD Summer Sprint PKO | $20 | $2,000 | $10 | 9 p.m. |
| August 17 | #10: $10K GTD Summer Six-Max PKO | $100 | $10,000 | $50 | 7 p.m. |
| August 17 | #11: $4K GTD Summer Scrap PKO | $50 | $4,000 | $25 | 8 p.m. |
| August 17 | #12: $2K GTD Summer Sprint PKO | $20 | $2,000 | $10 | 9 p.m. |
| August 18 | #13: $15K GTD Summer Slam PKO | $100 | $15,000 | $50 | 7 p.m. |
| August 18 | #14: $5K GTD Summer Scrap PKO | $50 | $5,000 | $25 | 8 p.m. |
| August 18 | #15: $2K GTD Summer Sprint PKO | $20 | $2,000 | $10 | 9 p.m. |
| August 19 | #16: $10K GTD Summer Six-Max PKO | $100 | $10,000 | $50 | 7 p.m. |
| August 19 | #17: $4K GTD Summer Scrap PKO | $50 | $4,000 | $25 | 8 p.m. |
| August 19 | #18: $2K GTD Summer Sprint PKO | $20 | $2,000 | $10 | 9 p.m. |
| August 20 | #19: $10K GTD Summer Slam PLO PKO | $100 | $10,000 | $50 | 7 p.m. |
| August 20 | #20: $4K GTD Summer Scrap PLO PKO | $50 | $4,000 | $25 | 8 p.m. |
| August 20 | #21: $2K GTD Summer Sprint PLO PKO | $20 | $2,000 | $10 | 9 p.m. |
| August 21 | #22: $30K GTD Summer PKO Finale | $215 | $30,000 | $100 | 5 p.m. |
| August 21 | #23: $5K GTD Summer Scrap PKO | $50 | $5,000 | $25 | 6 p.m. |
| August 21 | #24: $10K GTD Summer Slam PKO | $100 | $10,000 | $50 | 7 p.m. |
| August 21 | #25: $2K GTD Summer Sprint PKO | $20 | $2,000 | $10 | 8 p.m. |
Pick-a-card promo
Players can get additional bonuses all month long in New Jersey. The online operator is offering an additional bonus for players through Sept. 9. Those earning 35 rewards points or more in tournaments or cash games are eligible for the Poker Pick-A-Card promotion.
Players can enter each day they earn enough points. The cards selected can can include any of the following prizes:
- $100 Daily C-Note ticket
- $20 Daily C-Note satellite ticket
- $10 Daily C-Note satellite ticket
- $5 Daily C-Note satellite ticket
- $2 tournament dollars
More daily knockouts!
For players looking for additional bounty events, BetMGM offers nightly bounty tournaments each night at 8:15 pm (ET). The events continue during the Summer PKO Fest and come with a $1,000 guarantee.
Additional tournament details include:
- Buy-in: $20
- Starting chips: 3,000
- Late registration: re-entries allowed until the end of Level 9
- Blinds: 10 Minute levels
BetMGM Network also offers daily satellites for the tournament. Players looking to grab a PKO seat will find qualifiers starting as low as $2.
Pennsylvania and Michigan BetMGM will run separate ring
Pennsylvania and Michigan will have their own separate series in August. Their combined prizes will be more than $290,000. Pennsylvania and Michigan remain a “ringed-in” market for the time being, but a new compact may change that. As of now, no time line has been listed for the merger. Guarantees and events may differ per state.
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