Expect more tennis millionaires as Wimbledon increases prize money

• Wimbledon has increased its prize money in 2023 by 11.2%
• The All England Club in a statement on Wednesdays said that the entire prize pool for this year’s Championships will be £44.7 million
• The two singles champions will get the highest increase of all

Wimbledon has increased its prize money in 2023 by 11.2% meaning this year’s Grand Slam winner will walk home with £2.35 million ($2.9 million).

The All England Club in a statement on Wednesdays said that the entire prize pool for this year’s Championships will be £44.7 million ($56.6 million).

The two singles champions will get the highest increase of all, earning 17.5% more than they did in 2022 and restoring their compensation to levels back to what it was before the pandemic.

Wimbledon 2023 first-round singles losers will get £55,000 ($69.7 million) and it includes both Belarusian and Russian tennis players who were banned from playing in 2022’s tournament.

In keeping with recent years’ trends, there is also additional assistance for individuals in the supporting cast. This includes significant increases for those taking part in the qualifying event.

Strange Wimbledon facts. Photo/Sky SPorts

Those who fail in the first round of that competition will receive a cash award of £12,750 ($16,160) in prize money, while the wheelchair competitions have seen even higher rises, with singles champions receiving £60,000 ($76,000).

The mixed doubles competition remains the weakest link because most players will only see a 3.2% increase in their prize money, which is a decrease in today’s inflationary setting.

With the increased prize money, the first round of wildcards from Wimbledon are set for release next week. And with the rewards prize money this year, most players who cannot qualify are hoping to get a wildcard ticket.

HOW MUCH DID WIMBLEDON EARN IN 2022?

Wimbledon 2022 raked in an estimated £50 million ($61 million) to British tennis. The Lawn Tennis Association (LTA) received just over £43 million from the Championships in 2022, in addition to a $5 million grant to help other grass court events.

The LTA’s study shows that more people are participating in the sport. According to reports, participation among people aged 16 to 34 has increased by 48%. Most countries will continue to look on with envy at the size of the governing body and its budget in light of these figures.

The LTA has 326 employees, with total costs of £22.7 million, according to average monthly employee data. Chief Executive Scott Lloyd has the highest salary of £572,000 among the directors.

IS WIMBLEDON GIVING UKRAINIAN PLAYERS FREE ACCOMMODATION?

Serbia’s Novak Djokovic plays against Italy’s Matteo Berrettini during their men’s singles final match on Center Court on the thirteenth day of the 2021 Wimbledon Championships at The All England Tennis Club in Wimbledon, southwest London, on July 11, 2021. – RESTRICTED TO EDITORIAL USE (Photo by AELTC/Thomas Lovelock / POOL / AFP) / RESTRICTED TO EDITORIAL USE (Photo by AELTC/THOMAS LOVELOCK/POOL/AFP via Getty Images)

Meanwhile, Ukranian tennis players can heave a sigh of relief after Wimbledon extended a gesture of goodwill by providing them with two complimentary hotel rooms.

They will stay here until the end of the tournament. This gesture is meant to show solidarity with Ukraine after All England Lawn Tennis Club (AELTC) was boxed into a corner to allow Russian and Belarusian players to play this year.

In addition to inviting Ukrainian refugees who are based nearby in the SW19 region, more than £500,000 will be donated to relief organisations. The event, which starts on July 3, has received confirmation from the All England Club of a number of additional, diverse adjustments.

Roger Federer will hold a one-time celebration to honour his retirement, and he may still be available to do sporadic BBC broadcasting.

Men’s doubles matches will be reduced to three sets, in line with recent Grand Slams, however, this change will be more long-lasting. The wearing of darker-coloured undergarments by female players has also been confirmed.