| Location | Horseshoe Casino & Hotel |
| Prizepool | $1,552,000 |
| Entrants | 160 |
| Place | Winner | Winnings |
| 1 | Dave (Devilfish) Ulliott | $589,175 |
| 2 | Phil Ivey | $290,130 |
| 3 | Johnny Donaldson | $145,065 |
| 4 | Buddy Williams | $91,620 |
| 5 | Jeremy Tinsley | $68,715 |
| 6 | Tommy Grimes | $53,445 |
| 7 | Galen Kester | $38,175 |
| 8 | Paul Testud | $30,540 |
| 9 | Perry Green | $24,432 |
| 10 | Phil Hellmuth | $18,324 |
| 11 | Larry Beilfuss | $18,324 |
| 12 | Bill Lester | $18,324 |
| 13 | Casey Kastle | $15,270 |
| 14 | Jim Karambinis | $15,270 |
| 15 | George Paravoliasakis | $15,270 |
| 16 | Jamey Kramer | $12,216 |
| 17 | Lin Poo Wang | $12,216 |
| 18 | (Gentleman) Ben Roberts | $12,216 |
| 19 | Tom McEvoy | $9,162 |
| 20 | Dayne Baverman | $9,162 |
| 21 | Peter Vilandos | $9,162 |
| 22 | Asher Derei | $9,162 |
| 23 | Paul (Cigar) McKinney | $9,162 |
| 24 | Robert Willis | $9,162 |
| 25 | Don Barton | $9,162 |
| 26 | Peter (The Poet) Costa | $9,162 |
| 27 | John Spadavecchia | $9,162 |