28th Annual World Series of Poker
$5000 2-7 Draw
$5,000 Buy-In
Wednesday, May 7, 1997
Casino: Binion's Horseshoe
Players: 32 + 41 Rebuys
Prize Pool: $365,000
| Place | Player | From | Prize Money |
| 1st | Johnny "The Orient Express" Chan | Las Vegas, NV, USA | $164,250 |
| 2nd | Lyle Berman | Plymouth, MN, USA | $91,250 |
| 3rd | Steve Zolotow | Las Vegas, NV, USA | $54,750 |
| 4th | Barry Greenstein | Rancho Palos Verdes, CA, USA | $36,500 |
| 5th | Mattias Rohnacher | Heidelberg, DEU | $18,250 |
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