Wimbledon 2023: Wimbledon's overall prize money will increase by more than 11% this year, with singles champions receiving £2.35 million ($3 million).

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The All England Club announced on Wednesday that the total prize pool for the championships will be £44.7 million ($56.5 million). The prize for the singles champions had dipped to £1.7 million in 2021 after the tournament was cancelled in 2020 because of the pandemic. In 2022, the prize money increased to £2 million.

The earnings for the winners of the singles competitions are now back to the levels they were in 2019. The runners-up in the singles will receive £1.175 million ($1.49 million) which also increased back to the levels of 2019.

The prize pool for the Men's and Women's Doubles is also up by 10.7% from last year, while the prize pools for the Wheelchair and Quad Wheelchair Singles and Doubles are up by slightly under 20%.

The prize money allocation continues to prioritise supporting players in the event's early rounds. The prize money pool for the Qualifying Competition has increased by 14.5% over last year, while Main Draw Singles players who lose in the first round will receive £55,000 ($69,646), a 10% increase from 2022.

Ian Hewitt, Chairman of the All England Club, commented on this saying, “We are delighted to offer record prize money to the players competing at The Championships this year, with double-digit increases across the majority of events. Our ambition with this distribution is to return the singles champions and runners-up prize money to the levels in 2019 prior to the pandemic whilst, alongside, providing deserved support for players in the early rounds of the event.”

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.