Ever wondered what athletes or teams compete for the biggest prize money? Well, we’ve followed the money to give you the answers.
At PledgeSports, we’re huge sports fans and have helped athletes and teams of all levels and from every sport around the world raise money through sports crowdfunding.
Here’s a rundown of the 10 sporting events with the biggest prize money:
10. Cricket World Cup
The Cricket World Cup has been steadily increasing its prize fund, which now stands at $10.25 million.
This might seem modest in comparison to the huge payouts for top events in other sports but bear in mind that with the relatively small sides of competing squads, players can earn sizeable bonuses.
The team that wins the title is awarded a purse to the value of $3,975,000.
9. Rugby World Cup
The Rugby World Cup has no specific prize fund. Instead of competing unions are paid out according to the overall profit made by the International Rugby Board (IRB) once the tournament has been completed.
So rather than being paid prize money, players are offered special contract fees by their own unions, including bonuses for winning matches at the tournament. These bonuses can mount up quickly.
For example, the England team would earn an estimated $10.85 million if they won the World Cup. The 2019 will be one of the biggest sporting events in the world
8. Super Bowl
Although the Super Bowl is by far the highest profile sports event in the United States, it’s not the best-paid sports event in the country.
The winning team in the Super Bowl is paid $11 million in prize money.
Due to the large size of the competing squads, players tend to earn surprisingly modest bonuses if they win the championship.
7. Dubai World Cup Night
Six Grade 1 races and a number of Group 2 races are run during the course of the event, which culminates in the $10 million Dubai World Cup.
A close second to the Dubai World Cup Night is the Breeders’ Cup, with a $24.5 million prize pool.
6. FedEx Cup
Golf’s richest event isn’t one of the four Majors, but rather the PGA Tour’s season finale, the FedEx Cup.
To win the FedEx Cup, a golfer must accumulate points while playing in the four FedEx Cup playoffs – The Barclays Championship, the Deutsche Bank Championship, the BMW Champions and the Tour Championship.
The highest points scorer at the conclusion of the Tour Championship walks away with a $10 million payout. The overall FedEx Cup prize fund, shared among competing players, is a whopping $35 million.
5. US Open
The total prize money for the 2019 US Open will be $50.4 million making it the richest prize purse in tennis history. This is up 9% from 2016. The 2017 Wimbledon prize money was £31.6 million (@ $41 million)
The winners of the men’s and women’s single finals each earn $3.7 million in prize money.
4. The World Series
Surprisingly, the World Series pays out significantly more prize money than other major league sports in the United States, with an estimated prize pool of $66 million.
The winner of the World Series pockets a purse of $22.5 million – approximately double the amount paid to the winners of the NFL Super Bowl.
3. Boxing Title Fights
For example, Floyd Mayweather earned a stunning $180 million for his fight against Manny Pacquiao in 2015’s “Fight of the Century”, and he and McGregor were both in receipt of over $100m each for their super-fight in August 2017.
2. Formula One
Formula One racing is the most expensive sports to compete in. It also offers one of the largest prize funds.
The overall prize pool for each season is estimated at roughly $700 million.
This is distributed according to the results of each race, as well as the final season standings.
1. UEFA Champions League
Europe’s glitziest regional club tournament offers the biggest overall cash payout in international sport. The club winning the Champions League final is rewarded with €15 million in prize money. In total, a prize fund of €1.1 billion was paid out to competing teams during the 2014-15 season. These figures dwarf the FIFA World Cup, which paid out a relatively miserly $324 million to competing teams in 2014.
As of 2015–16, UEFA awards €2 million to the playoffs winners and €3 million to the eliminated clubs in the playoff round. For reaching the group stage, UEFA awards a base fee of €12 million. A win in the groups is awarded €1.5 million and a draw is worth €500,000.
In addition, UEFA pays teams reaching the first knockout round €5.5 million, each quarter-finalist €6 million, €7 million for each semi-finalist, €10.5 million for the runners-up and €15 million for the winners. A large part of the distributed revenue from the UEFA Champions League is linked to the “market pool”, the distribution of which is determined by the value of the television market in each country.
For the 2014–15 season, Juventus, who were the runners-up, earned nearly €89.1 million in total, of which €30.9 million was prize money, compared with the €61.0 million earned by Barcelona, who won the tournament and were awarded €36.4 million in prize money.
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