And it's a wrap for the 2016 Nenana Ice Classic.

The black and white tripod on the Nenana River finally fell at 3:39 p.m. Alaska standard time Saturday, according to contest manager Cherrie Forness.

Anticipation began building Saturday afternoon, when the tripod disappeared from the classic's webcam, leading to speculation the tripod was down. It wasn't until later in the afternoon that the cord connecting the tripod to the clock finally pulled, marking the official time.

Forness said this year's winners will split a $300,000 pool. She said it will be a few weeks before the organization announces official winners. Last year 28 people split a $330,000 pool.

The popular guessing game involves participants guessing at exactly which minute the ice on the Nenana River will go out by paying $2.50 per guess.