What is the prize money for the 2023 Wimbledon?
Wimbledon has announced an increase in prize money for the 2023 edition as the ban on Russian and Belarusian players is lifted allowing a full field.
Wimbledon Trophies (Image via Wimbledon)
Money is a great incentive in sports and a much-needed one. The elusive trophy obviously has a lot of meaning however the earning after winning a big tournament is what many players look at. It’s Wimbledon time again. Novak Djokovic and Elena Rybakina will return as defending champions.
Considering the money side of it, the Wimbledon committee has announced a pay raise in the tournament and it’s a considerable one from previous years. This will help a great deal in keeping the players’ interest in playing the event.
It looks great as the tournament has taken the right step forward in achieving this. Also, this year normalcy will be attained in terms of who will play and the ranking points. Russian and Belarusian players will be allowed after they missed the last edition. The tournament will once again have ranking points that were scrapped last year to maintain fairness.
The tournament will start on 3rd July at the All-England Club. The women’s singles finals will be played on 15th July while the men’s singles finals will be played on 16th July concluding the 136th edition of the Major. With no exemptions and a full field playing, the revenues has also increased which have been discussed in detail below.
Round-wise prize money for the 2023 Wimbledon
As announced by the Championships, the total prize money for the 2023 edition is a record £44,700,000. As such the prize money on offer for the tennis tournaments this year is an 11.2% increase from last year. It is also a 17.1% increase as compared to the pre-pandemic era of 2019.
The ladies and gentlemen’s singles winners and runner’s up have had their respective prize money gone back to what it used to be in 2019. The winner gets £2,350,000 and the runner’s up gets £1,175,000. The main intention of this increase in prize money is to protect the interest of early-round matches.
The Championship has increased the prize money for the qualifying rounds by 14.5 % as compared to what it was last year. Also in the main draw, if a player loses in the first round they will receive £55,000 which is a 10% increase from what it was last year. Meanwhile, the prize pool of the gentlemen’s and ladies’ doubles has seen an increase of 10.7% from what it was last year.
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