Richest Poker Tournament In History Set for July

April 12, 2012 Updated Apr 12, 2012 at 5:53 PM EDT

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Richest Poker Tournament In History Set for July

April 12, 2012 Updated Apr 12, 2012 at 5:53 PM EDT

The richest poker tournament in history will take place this summer.

According to a story on WSOP.com, 30 players have committed the $1 million entry fee for the event -- BIG ONE for ONE DROP -- which will take place from July 1-3 at the 2012 World Series of Poker in Las Vegas.

The winner is estimated to take home a top prize of more than $12 million, according to the report.

Read the story from WSOP.com HERE.