<p>The total prize money on offer at Wimbledon has risen to a record 44.7 million pounds ($56.52 million) for the Championships this year, an 11.2 per cent increase on 2022, the All England Lawn Tennis Club (AELTC) said on Wednesday.</p>.<p>Winners and runners-up of the men's and women's singles finals will also see their prize money rising to previous levels in 2019, where they received 2.35 million pounds and 1.175 million pounds, respectively.</p>.<p>The prize money for winners fell to 1.7 million pounds in 2021 before it was increased to 2 million pounds last year.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/sports/tennis/nick-kyrgios-was-admitted-to-a-psychiatric-hospital-after-wimbledon-loss-in-2019-1227749.html" target="_blank">Nick Kyrgios was admitted to a psychiatric hospital after Wimbledon loss in 2019</a></strong></p>.<p>The qualifying competition prize fund has also received a 14.5 per cent increase from last year while any player losing a first-round match is assured of at least 55,000 pounds -- an increase of 10 per cent on 2022.</p>.<p>"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.</p>.<p>"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."</p>.<p>The grasscourt Grand Slam runs from July 3-16.</p>
<p>The total prize money on offer at Wimbledon has risen to a record 44.7 million pounds ($56.52 million) for the Championships this year, an 11.2 per cent increase on 2022, the All England Lawn Tennis Club (AELTC) said on Wednesday.</p>.<p>Winners and runners-up of the men's and women's singles finals will also see their prize money rising to previous levels in 2019, where they received 2.35 million pounds and 1.175 million pounds, respectively.</p>.<p>The prize money for winners fell to 1.7 million pounds in 2021 before it was increased to 2 million pounds last year.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/sports/tennis/nick-kyrgios-was-admitted-to-a-psychiatric-hospital-after-wimbledon-loss-in-2019-1227749.html" target="_blank">Nick Kyrgios was admitted to a psychiatric hospital after Wimbledon loss in 2019</a></strong></p>.<p>The qualifying competition prize fund has also received a 14.5 per cent increase from last year while any player losing a first-round match is assured of at least 55,000 pounds -- an increase of 10 per cent on 2022.</p>.<p>"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.</p>.<p>"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."</p>.<p>The grasscourt Grand Slam runs from July 3-16.</p>