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28th Annual World Series of Poker
$1500 Razz
$1,500 Buy-In
Wednesday, April 23, 1997
Casino: Binion's Horseshoe
Players: 160
Prize Pool: $240,000
| Place | Player | From | Prize Money |
| 1st | Linda Johnson | Las Vegas, NV, USA | $96,000 |
| 2nd | Peter Brownstein | Scottsdale, AZ, USA | $48,000 |
| 3rd | Max Stern | Las Vegas, NV, USA | $24,000 |
| 4th | Tom Watts | $14,400 | |
| 5th | Rusty Bagaygay | $12,000 | |
| 6th | Stan Goldstein | Los Angeles, CA, USA | $9,600 |
| 7th | "Syracuse" Chris Tsiprailidis | Syracuse, NY, USA | $7,200 |
| 8th | J.J. Chun | $4,800 | |
| 9th | Tom McEvoy | Las Vegas, NV, USA | $3,600 |
| 10th | Peter Haugan | Florence, SD, USA | $3,600 |
| 11th | David Rosenau | $3,600 | |
| 12th | Jeff "Iceman" Lisandro | $2,800 | |
| 13th | Frank Henderson | Houston, TX, USA | $2,800 |
| 14th | Pat Medaris | $2,800 | |
| 15th | Tom Sullivan | $2,400 | |
| 16th | Jeff Chapman | Kansas City, MO, USA | $2,400 |
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