Wimbledon’s total prize money rose to a record 44.7 million pounds ($56.52 million) ahead of the tournament this year.
The All England Lawn Tennis Club (AELTC) said on Wednesday that there has been an increase of 11.2% as compared to 2022.
Winners and runners-up of the men's and women's singles finals will also see their prize money go back to previous levels in 2019, where they pouched 2.35 million pounds and 1.175 million pounds, respectively.
The prize money for winners dropped to 1.7 million pounds in 2021 before it was increased to 2 million pounds last year.
The qualifying competition prize fund has also received a 14.5% increase on last year while any player losing a first-round match is assured of at least 55,000 pounds — an increase of 10% on 2022.
"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," said AELTC chairman Ian Hewitt.
"Our ambition with this distribution is to return the singles champions and runners-up prize money to the levels in 2019 prior to the (COVID-19) pandemic whilst... providing deserved support for players in the early rounds of the event."
Earlier, Hewitt also shed light on the decision to accept entries from Russian and Belarusian players as ‘neutral’ athletes for the event.
“Our announcement was made last month after careful and deep consideration. At the time, we set out the factors which informed our decision and why, taking all circumstances into account, we consider these to be the appropriate arrangements for Wimbledon this year. It was a difficult and challenging decision, which was made with the full support of our UK Government and the international stakeholder bodies in tennis, but does not lessen in any way our total condemnation of Russia’s illegal invasion of Ukraine.”
The grass court Grand Slam will be held from July 3-16.