How much do the winners of Wimbledon get in prize money?

Carlos Alcaraz emerges victorious in his first French Open appearance, claiming the championship title.

The 2024 Wimbledon Championships began on June 24, with players starting their quest for a spot in the tournament finals during the first round.

In the previous year, Carlos Alcaraz, who won the men's singles championship, has made it to the finals after beating Daniil Medvedev in the semi-finals on Friday. He will compete against Novak Djokovic in the finals on Sunday. The prize money for the tournament winner in 2023 was £2.35 million or $2.97 million. If Alcaraz manages to win the title again this year, he will receive a significant increase in his earnings.

The champion of the men's singles draw in 2024 will receive a prize of £2.7 million, which is equivalent to just over $3.4 million. This represents an increase of almost 15% in comparison to the prize money given out in 2023, as confirmed by the official figures released by the tournament held on grass courts.

The champion of the women's singles division will be awarded with a prize of £2.7 million, showing an increase of almost 15% compared to last year. Since 2007, the winners of the men's and women's singles competitions have been receiving the same amount of money. Barbora Krejcikova defeated Jasmine Paolini with a score of 6-2, 2-6, 6-4 in the final match on Saturday to claim her second Grand Slam title.

Contrast that with the amount of money the winners received in 1968, the first year that Wimbledon recorded prize money. The men's champion took home £2,000 while the women's champion received £750.

This year, the doubles champions will also get £650,000 each. The total prize money for all events in 2024 is a new high of £50,000,000, which is almost 12% more than last year.

Deborah Jevans, head of the All England Club which runs the Wimbledon tournament, revealed that this year's competition will have a historic prize pool of £50 million. The prize money for players will increase in each round of every event. The championships are just around the corner, and Jevans is thrilled to share this exciting news.

The runners-up in each competition will also receive a significant amount of money. The second-place winners in both the men's and women's singles events will earn £1.4 million each. Additionally, the doubles teams that come in second place will take home £330,000.

A part of the overall prize money is also given to players participating in the qualifying rounds, and they receive more money if they progress to the initial rounds of the main competition.

Athletes who advance to the initial round of the main singles bracket at Wimbledon will receive a prize of £60,000. This amount increases to £93,000 for the second round, £143,000 for the third round, and £226,000 for the fourth round. Those reaching the quarter-finals will take home £375,000, while semi-finalists will earn £715,000.

At Wimbledon, there is also a special event for wheelchair players. This includes 16 players for the singles matches and eight teams for the doubles matches. The winners of the singles matches receive £65,000 each, while the doubles teams receive £28,000.

Diede de Groot won her 15th Grand Slam title in a row by taking home the women's wheelchair final on Saturday, earning her sixth singles title at the All England Club.

Megan Cerullo is a journalist from New York who writes for CBS MoneyWatch. Her articles cover various topics such as small businesses, workplaces, healthcare, consumer spending, and personal finance. She frequently goes on CBS News 24/7 to talk about her stories.