Nick Schulman wins the first event of the Poker Masters. Pennsylvania gets one step closer to regulating online poker. Check out these stories and more in the Thursday Hit and Run.

Poker Masters Update

Nick Schulman won Event #1 of the Poker Masters $50,000 No Limit Hold’em on Thursday night as he defeated Matt Hyman heads-up for a $918,000 first place prize. A total of 51 players entered on Wednesday with the final six set up as action began on Thursday: Nick Schulman, Adrian Mateos, Dominik Nitsche, Stefan Schillhabel, Koray Aldemir, and Steffen Sontheimer. The $2.5 million in prizes were paid to the top 8 finishers. Daniel Negreanu bubbled in 9th while Dan Smith and Phil Hellmuth also failed to cash.

Event #2, a $50,000 buy-in also began today.

Despite the Poker Masters being in its first year, it’s got a lot of buzz due to the big names the series is attracting. Check out some of the additional story lines and players to watch at this year’s Poker Masters.

Pennsylvania One Step Closer to Online Gaming Regulation

On Wednesday, Pennsylvania passed a bill to fund the state budget, which passed in June. The bill will now go to the Senate. So what does this have to do with online gambling? The budget plan includes $225 million in revenues from gambling; however, specific language is not currently present. It’s a small step but with time running out and concerns about funding for the state, online gambling is seeming more likely to be part of the answer.

Meanwhile, in a state that has already regulated online gambling, New Jersey casinos broke the $20 million revenue mark for the sixth straight month. Is Pennsylvania watching?

Quick Hitters

– Three more players earned WCOOP titles on Wednesday: plspaythxbye with $78k in the $530 Pot Limit Omaha Four-Max, paaskebaesen with $20k in the $1,050 Fixed Limit Badugi and IlDepredator as the big winner of the day in the $215 6-Max No Limit Hold’em (Zoom) with a $80k prize.

– Online poker suffered a devastating blow in Australia this month, but one Australian Senator says the tide may be turning.

– If you love reading about poker, you should check out Steve Ruddock’s list of the seven best poker biographies ever written. Books based on the life of Dutch Boyd, Mike Matusow and Stu Ungar are among those on the list.

– poker training video of the day discussed difficult river decisions and perceived ranges. This video is episode 3 of 6 on Building a Poker Bankroll series.