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Stake Poker August Madness: $80K GTD for Just $8

By Jake McEvoy

20 Aug 2026

Jake McEvoy 20 Aug 2026

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$8 buy-in PKO tournament with $80,000 guaranteed prize pool on August 30.
Earn instant cash for each knockout; bounty increases with every elimination.
Open to up to 10,000 players under Stake Poker’s terms and policies.

Stake Poker August Madness: Everything You Need to Know
How to Enter and Win in August Madness
August Madness T&Cs

Stake Poker August Madness is an $8 PKO tournament with an $80,000 guaranteed prize pool on the 30th of August.

Stake Poker August Madness: Everything You Need to Know

Stake’s recent birthday celebrations were all about the number 9, but its latest poker promotion shifts the focus to another number: 8.

The Stake Poker event will take place on the final Sunday of the eighth month, with buy-ins starting from just $8 and the chance to win a share of a guaranteed $80,000 prize pool. As well as a share of that huge prize, there’s also a chance to win instant cash prizes each and every time you send somebody to the rail.

Like the sound of all of this? Prepare to get involved. You need an account to join, which you can create with the Stake promo code “NEWBONUS”.

How to Enter and Win in August Madness

For an $8 buy-in, players can enter the $80,000 guaranteed Progressive Knockout tournament, with a bounty attached to every player. Each elimination earns an instant cash reward while also increasing the bounty placed on your own head.

Here’s how it works:

Buy in for $8 - Find August Madness in the Stake Poker lobby and enter the tournament on Sunday the 30th of August at 17:00 UTC.
Knock out players - Eliminate opponents to collect 50% of their bounty instantly, with the remaining 50% added to your own bounty.
Play for $80,000 - Stay alive, build your stack and compete for your share of the guaranteed $80,000 prize pool.

August Madness T&Cs

The Stake Poker August Madness tournament is governed by the following terms and conditions:

The Stake Poker August Madness tournament runs on Sunday the 30th of August 2026 at 17:00 UTC.
The tournament has an $8 buy-in.
The event is a Progressive Knockout (PKO) tournament, with a portion of each buy-in allocated to the bounty pool.
Players receive half of an eliminated player’s bounty, while the other half is added to their own bounty.
The tournament features a guaranteed prize pool of $80,000.
A maximum of 10,000 players can enter the tournament.
Stake reserves the right to hold, void, suspend, cancel, or amend the promotion where necessary, with applicable rules also governed by its Card Room Rules, Security & Ecology Policy, and Poker Tournament Cancellation Refund Policy.

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