The first major Magic: The Gathering Arena tournament will take place at PAX East in March.

It will feature a $1M USD prize pool, with $250K awarded to the winner.

Wizards of the Coast announced a $10M Magic competitive push in December.

Wizards of the Coast today revealed the Mythic Invitational, a $1M tournament that serves as the first major event in the Magic: The Gathering Arena esports initiative.

The Mythic Invitational will take place at the PAX East gaming convention in Boston, Massachusetts, from March 28-31, and feature 64 players vying for a share of the $1M prize pool. The winner will receive $250K, and every competitor will earn at least $7.5K for participating.

“The Mythic Invitational is going to be a historic weekend ushering in a new era of Magic esports,” said Elaine Chase, vice president of esports at Wizards of the Coast. “The competitors represent the diversity and depth of the Magic player base, and feature a mix of top players in the world who will be in Boston competing for $1M in prizes.”

Related Article: Magic: The Gathering is Ready to Do Business in Esports, Wizards VP Says

The tournament will feature a new competitive format called Duo Standard, in which each player brings two decks into the match. Beyond meeting standard Magic competitive deck requirements, there are no additional limitations on deck construction—players are free to bring two completely identical decks, or otherwise vary them as they please.

Magic: The Gathering Arena players can compete for a chance to play in the event by working their way into the top eight in the Mythic Constructed Ranking for February. The final results will be published on March 4.

In December, Wizards of the Coast announced a $10M competitive Magic: The Gathering initiative, including a Magic Pro League that combines Arena play with traditional physical card competitions. Each of the 32 Pro League players will receive a $75K annual play/streaming contract to ensure stability throughout the season.