They’re calling it the largest poker tournament in state history. The expected total prize payout: $1 million.

The inaugural Florida Million is coming in the next two months and will work like this: Players pay a $550 entry fee to compete in a tournament at any one of six Florida poker rooms. Once 90 percent of that tournament site’s field on that day is eliminated, play stops.

The survivors then gather at Derby Lane in St. Petersburg on April 10 to vie for the championship.

Card rooms can have as many “Day One” events as they want, each capped at 150 players. The Big Easy Poker Room at Mardi Gras Casino has planned at least two such events: at noon March 7 and March 14. Wil Herrera, Mardi Gras director of poker operations, said he’ll book more if there’s interest.

Meanwhile, the casino will have satellite events, where players can earn a seat into the March 7 or 14 tournaments.

“Since none of us are in direct competition, the idea was to try to work together to accomplish the largest prize pool in Florida history,” said Herrera, who credited Derby Lane for driving the idea.

The only other South Florida card room participating is the Palm Beach Kennel Club. It has scheduled tournaments at 1 p.m. March 6, 13, 20 and 27, poker room manager Noah Carbone said. There will be super satellites at 6:30 p.m. Wednesdays for $30 with $20 rebuys and single-table satellites at 3 p.m. and 8 p.m. daily beginning Feb. 28 for $65.

The Florida Million plan is to have two such events each year, with the championship rotating among the six rooms.

For more information, go to FLMillion.com.