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LAS VEGAS - JUNE 17: A view of the chips and dealer button used during the NHL Charity Shootout at the World Series of Poker at the Rio Hotel & Casino in Las Vegas, Nevada on June 17, 2009. (Photo by Ethan Miller/Getty Images)

The 50th edition of World Series of Poker is kicking off in Las Vegas.

The seven-week poker festival that opens Tuesday will feature 89 events with an expected combined prize pool of more than $200 million.

To celebrate the milestone, owner Caesars Interactive Entertainment has scheduled an awards ceremony and a $500 buy-in, rake-free tournament with a guaranteed prize pool of $5 million.

Caesars is allowing fans and others to choose some of the players who will be recognized at the ceremony. A panel will also put together a list of the 50 greatest poker players.

The series draws thousands of fans and players. It saw a record 123,000 entrants in 2018.

The famed no-limit Texas Hold ’em main event starts July 3. ESPN and PokerGO will provide live coverage.