Total prize money for this year's Wimbledon tournament will reach £25 million (Rs 253 crore approx), an increase of 10.8 percent that will mostly favour the early-round losers.
The All England Club said on Tuesday that the men's and women's singles champions will each receive £1.76 million (Rs 18 crore), a 10 percent increase on last year's top prize won by Andy Murray and Marion Bartoli.
By comparison, this year's French Open champions will receive 1.65 million euros (Rs 14 crore) while Stanislas Wawrinka and Li Na earned $2.65 million (Rs 16.3 crore) for their wins at the Australian Open in January. US Open organisers have yet to announce the prize money for this year's tournament.
Good for early losers
The main increases at Wimbledon are for the early losers, with players who fail to get past the third round receiving prize money worth 12.5 percent more than in 2013.
"We've placed emphasis on the large group of players who need our help the most, those players who lose in qualifying and in the early rounds of the championships," Wimbledon chairman Philip Brook said. "We also had an eye to being competitive internationally, and we do keep our watch on what is going on in other tennis events and in particular the other Grand Slams." The tournament will be played from June 23-July 6.