History
The Ice Classic began as an ice betting pool in 1906 with six entries: Adolph Nelson, Jim Duke, Gunnysack Jack, Jonesy, Louis and Joe Johnson, and the first winner, Oliver Lee. After coming the closest to betting on breakup of the Tanana ice, Lee won an equivalent amount of "a couple of rounds at the trading post bar." The ice pool subsequently became inactive until 1916. In that year, railroad workers revived the betting through ticket sales at Jimmy Duke's Roadhouse, but limited the betting to Nenana residents. After word of the lottery spread to towns along the local railroad by Alaska Railroad Commission workers, the lottery was opened up to residents of the Alaska and Yukon territories in 1917.
In 1917, railroad engineers bet $801 on when the ice would break. In 2009 the 93rd annual prize money was $283,723. Since the Classic's beginning in 1906 over 10 million dollars in prize money has been given away.
Read more about this topic: Ice Pool
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