[2] Eastgate reached the final table with 18,375,000 in starting chips, the fourth largest stack behind Scott Montgomery (19,690,000), Ivan Demidov (24,400,000) and Dennis Phillips (26,295,000).

Eastgate beat Demidov at 2:33 AM local time, after a two-day final table consisting of 274 hands that took 15 hours and 28 minutes to play.

He was surpassed as the youngest winner of the WSOP by Joseph Cada the following year at age 21[1] In 2009, Eastgate defended his Main Event title until day 6.

After his WSOP Main Event victory, Eastgate took to the tournament trail and quickly found success.

"[14] “In the 20 months following my WSOP win, I feel that I have lost my motivation for playing high-level poker along the way, and I have decided that now is the time to find out what I want to do with the rest of my life.

I have decided to take a break from live tournament poker, and try to focus on Peter Eastgate, the person.

Peter has played amongst world champions and he has carried his title in the most admirable fashion.”[14] In November 2010, Eastgate put his main event bracelet up for auction on eBay with a starting bid of $16,000.