Sports competitions with highest Prize Money: Biggest and most Prize Money in any Sports Event 2021!
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Highest Prize Money tournament: 10 Sports Events paying most in Prize Money
Sports are increasingly becoming a big money business these days. TV rights, sports sponsorship and advertisements mean that sports have been generating a lot of money. This means that the money generated from the increasing revenue has to be distributed somehow to the leading sport stars. So which sports generate the most amount of Prize Money?
Well we’re going to find out. Here we look at the Top 10 Sports competitions with biggest Prize Money in 2021.
Sports in general is one of the most lucrative industry in the world both business wise and entertainments wise some of the top level athletes of different sports are millionaires and sports has kind of given them so much over the course of their careers.
As sports move along money is becoming a big part of every major sports and today we are going to take a look at 10 team sports competitions (tournaments/Leagues) which has the highest Prize Money pool and where the winning team gets the most money.
PL Sports Prize Money
Did you know that the Premier League in England recently signed a domestic TV rights deal which is worth $8 billion (£5.136 billion)? The money is distributed over three years from 2016 to 2019.
Plus another $5 billion (£3 billion) will be generated from foreign TV deals. So with all this money, it has to go somewhere right?
They are distributing the money every year for three years to Premier league clubs. This means that even the bottom team of the league are likely gain £100 million for a season. The champions will get around £150 million.
Where even if a team finish at the bottom of the league in 20th place they are likely to take home around £100 million for a season while the champions will get around £150 to £160 depending on various bonuses.
So if we take other european leagues into account these are the highest paying competitions in the world with massive Prize Money pool. But we are going to exclude the leagues and only focus on competitions/Tournaments which.
Top 10 Sports Competitions with biggest Prize Money In 2021
Highest Prize Money sport – worlds highest paying sporting events in 2021
Sports competitions with biggest Prize Money- breakdown
The number one sports event that generates the most amount of Prize Money is the UEFA Champions League. This competition is serious money which is why so many teams treat it as the holy grail. Aside from the cultural and prestige values ingrained into it. Tennis events also involve a lot of money. The four major grand slams (Australian Open, French Open, Wimbledon Prize Money and US Open) always see an increase in the total Prize Money every year.
The Wimbledon Prize Money tennis event has $42.2 million in Prize Money which is distributed to players and the winners (men and women). The players take home around $2.4 million each. The amount of Prize Money to individual athletes depends on where they finish of course so the first round losers in singles competitions usually get $37,000.
The winning team of the current FIFA World Cup gets around $35 million. This is huge money for international teams- can you imagine a team like Peru or Iceland getting this amount of money?! Although that would be very hard for them to win.
Interestingly, the World Series Poker tournament comes in a number nine- beating the Wimbledon Prize Money tournament in terms of Prize Money. Players who play poker are paid a lot of money- (yes poker is considered a sport). So these events mean huge money for poker players around the world.