"I am wondering, is the only source of revenue generated from the percentage of the entry fee? where does the rest of the entry fee go?"


For example if its a $5,000 tournament the prize fee is $5,000 the entry fee is $500 (or a $5,000+$500). The prize fee is split between the winners and the $500 is the enty fee that is split with the host (hotel or casino) and us. There are other posibilities for revenue that include offering a package deal with lodging, airfair, and tournament fee's included, not to mention possibly doing something online for high stakes tournaments. I personal feel it could do more tournaments in a year than 4 and therefore grow in that respect (if you can do 4 than you can do more).

The tournaments that have been completed in the past year involved 30-40 players with $2k-6k in entry fees.

The tournaments operate more or less how Joel put it. The prize fee is split between the top players and can become quite large. There is little work to be done on event day given the host will have staff to operate the tournament. Anyone who wants to discuss this can also email me at dbincometax@aol.com.