(LAS VEGAS) – Professional poker players are now drumming up finances from hedge fund managers, real estate moguls and wealthy businessmen, according to the Wall Street Journal.
For example, Noah Schwartz, 28, raised $900,000 to play at The One Drop Poker Tournament. His investors will receive a proportional amount of his winnings if he places minus 10%. The jackpot for the tournament could reach as much as $18.3 million.
Although top pros do not usually seek out investors, there is a growing group of poker players that are betting investors will take a gamble on them.
Copyright 2012 ABC News Radio
Erin McClam, CNN
Paul Menser, BizMojo Idaho
Julia Horowitz, CNN