Top 10 Major Sporting Events With The Highest Prize Money (2024)

Sports have become an inherent part of our life. People do not just enjoy playing various sports but also savor watching them live. There are numerous national and international sporting events/tournaments happening across the world for different sports. The sports tournaments are savored live from the stadium or the comforts of one’s home. The sporting tournaments gather loads of money, and the champions receive a generous amount. If you’re wondering about the prize money of the grand sports tournaments, here’s a list of the top sporting events with their prize money.

Complete list of top 10 biggest sporting events in the world with the highest prize money

Wimbledon

Wimbledon is among the top-tier tennis tournaments. Wimbledon is the most lucrative tennis event. It is the third Grand Slam tournament of the year, played annually in late June and early July. It is organized by a committee of management consisting of nineteen members. Twelve are club members, and the remaining seven are nominated by the Lawn Tennis Association (LTA). The 2021 Wimbledon prize money was around $ 3.2 million.

US Open

US Open is the fourth and final Grand Slam tournament of the year, played annually in late August and early September. US Open changed venues in its early years, with each discipline continuing to be held separately at various venues until 1923. In 1923, the tournament settled at the West Side Tennis Club in Forest Hills, Queens, New York City. In 1978, it shifted to the hard courts of the USTA Billie Jean King National Tennis Centre in Flushing Meadows, Queens. It has been contested there ever since.

World Series Poker

The World Series Poker is a series of poker tournaments organized annually in Paradise, Nevada. Since 2004, the tournament has been sponsored by Caesars Entertainment. The WSOP’s origin dates back to a 1949 match between Johnny Moss, a leading player on the Texas poker circuit, and Nick Dandolos. Benny Binion arranged the games. The games became very popular as the public observed the play that continued for five months, including many variations of the game. The prize money of the champion is around $10 million.

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FedEx Cup

The FedEx Cup is the top-tier tournament of Golf. To become a champion of the FedEx Cup, a golfer must collect points while playing in the four FedEx Cup playoffs. The four playoffs are – The Barclays Championship, the Deutsche Bank Championship, the BMW Champions, and the Tour Championship. The PGA Tour’s season-ending four-tournament playoff series, the FedEx Cup, was first awarded in 2007. The tournament’s bonus pool has hiked to $75 million in 2022. The prize pool was $60 million last season. The champion of the sport will receive a prize money of $18 million.

UEFA Europa League

The UEFA Europa League is an annual football club tournament organized since 1971 by the UEFA for eligible European football clubs. It is the second-tier tournament of European club football. This tournament ranks below the UEFA Champions League. The champion of the UEFA Europa League qualifies for the following season’s UEFA Champions League, entering the group stage. Spanish clubs have the maximum number of victories (13 victories), followed by teams from England (9 victories) and Italy (9 victories). The most successful club in the tournament is Sevilla, with 6 titles. Eintracht Frankfurt is the reigning champion of 2022. The prize money for the champion team is approximately $28 million.

UEFA Euro Cup

UEFA Euro is an esteemed national tournament in Europe. The member teams of UEFA only can participate in the tournament through qualifiers. A total of 24 teams participate in the competition in a group format and knockout format. Germany and Spain’s teams are the most triumphant in this tournament. Both Germany and Spain have won three titles each. Portugal’s team is the current champion of the competition. The winning team receives a hefty amount of $29 million.

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World Series (Major League Baseball)

The World Series (MLB) is a mega Baseball tournament. The World Series has significantly more prize money than other major league sports in the United States, with an estimated prize pool of $66 million. The 2018 World Series winner, the Boston Red Sox team smashed a record of winning $31.7 million. The winning team in the 2022 season will receive $35 million, while the runner-up will receive $24 million.

FIFA World Cup

The FIFA World Cup is a mega football tournament in the world. It is one of the most-watched events in the world. FIFA is played among 32 teams from FIFA’s member associations. The teams play after qualifying for the final tournament. The global event is held every four years. Brazil is the most successful team on the FIFA stage. The Brazilian team has won five World Cups to date. France was the champion team of the last FIFA World Cup. The last FIFA World Cup had around a $576 million prize money pool for all participating teams. The winning team, France, got $35 million as prize money.

UEFA Champions League

Europe’s most popular regional club tournament presents the biggest cash pool in international sport. The club winning the 2020 Champions League final was in line to win over 80 million euros (8,45,22,000 USD) in prize money. In 2022, a total of €1.1 billion (1.16 billion USD) in the Champions League prize money pool. A team qualifying for the group stage gets €15.64 million (16.5 million USD). It rose to €9.6 million (10.1 million USD) for the last 16 qualifiers. The winning team receives over €82 million (86 million USD).

Formula 1

Formula One is an esteemed international auto racing for single-seater racing cars. It is sanctioned by FIA (Federation Internationale de l’Automobile). One Formula One season consists of various Grand Prix. Grand Prix happens in various circuits around the world. Lewis Hamilton is the driver’s champion, and Mercedes is the constructor’s champion currently. Formula One generates around a billion as revenue, and the champion teams earn around $100 million.

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