| Prize Pool | $480,000 |
| Entrants | 320 |
| Place | Winner | Winnings |
| 1 | Jay Heimowitz | $175,800 |
| 2 | Frank Henderson | $109,875 |
| 3 | Terry Caruthers | $43,950 |
| 4 | David Chiu | $26,370 |
| 5 | Sam Douglas | $24,172 |
| 6 | John Liner | $19,778 |
| 7 | Eldon Elias | $17,580 |
| 8 | Ken Jones | $13,185 |
| 9 | Tim Craft | $8,790 |
| 10 | Stu Ungar | $3,000 |
| 11 | Terry Davis | $3,000 |
| 12 | Richard Dunberg | $3,000 |
| 14 | Howard Andrew | $3,000 |
| 16 | James Mason | $3,000 |
| 17 | Roger van Ausdall | $3,000 |
| 19 | Seymour Leibowitz | $1,500 |
| 22 | J.C. Pearson | $1,500 |
| 24 | Dan Harrington | $1,500 |
| 26 | Jose Rosenkrantz | $1,500 |