At the end of January, PokerStars hosts the 2016 Turbo Championship of Online Poker. Running January 21 – 31, TCOOP, now in its fifth year, has a total of $15 million in guarantees for the second consecutive year.

The 2016 TCOOP Main Event has a $700 buy-in and a $2 million guarantee. It’s the 49th event on the schedule and kicks off at 15:30 ET on January 31. In the 2015 TCOOP Main Event, ‘Nikki_Hefner’ came out on top of a 4,169-player field en route to a $396,000 payday after a heads-up deal with Brazil’s ‘riversouza’.

The first event on the 2016 TCOOP schedule is a $27 No Limit Hold’em Six-Max Turbo Three-Phase tournament – a new format for this year. The first phase runs daily from January 7 to 21 and players can enter as many Phase 1 and Phase 2 tournaments as they’d like until they qualify for Phase 3. The Phase 3 tournament, which marks the official first day of TCOOP, takes place at Noon ET on January 21 and has a $1.5 million guarantee.

“I’m really looking forward to TCOOP. The turbo structures, coupled with the range of games and formats, keeps things fun and interesting every day,” said Team PokerStars Pro Online member Mickey mementmori Petersen. “Plus, with each tournament only lasting a few hours, it’s a great way to try and get a big score in a short space of time.”

The Three-Phase tournament isn’t the only tournament format to debut on TCOOP this year. Events #3 and #34 are Progressive Ultra-Knockout tournaments, which will also run during the TCOOP for the first time. In these events, three-quarters of each buy-in goes to knockout prize money. Event #3 has a buy-in of $215, while Event #34 has a buy-in of $700.

Event #10 is the first-ever 4x Turbo tournament on the TCOOP schedule. It has a price tag of $7.50, with rebuys running for two hours instead of the usual 30 minutes, and kicks off on January 23.

On January 31 at High Noon ET, the richest tournament on the TCOOP slate begins, a $2,100 No Limit Hold’em Turbo High Roller. The event has a $1 million guarantee. Theo Jorgensen, a PokerStars pro, won it in 2015 for $200,000.

PokerStars will keep track of players’ performances as part of the TCOOP Tournament Leaderboard, which awards a champion’s trophy and SCOOP ticket to its winner. Plus, the top 100 finishers all get SCOOP tickets. Norway’s ‘CandyJohnson’ won the TCOOP Leaderboard last time out.

There are 50 TCOOP events in total. Visit PokerStars for the full schedule and satellite information.