By Erik Gudris | Tuesday, April 29, 2014

 

The All-England Club announced an over 10 percent increase in total prize money for this year's Wimbledon.

Photo Credit: AELTC

Players competing at Wimbledon this year will receive more prize money with early round losers seeing the most gains.

Organizers announced on Tuesday that the overall prize money purse will rise to $42 million dollars, a 10.8 percent increase from 2013.

Wimbledon: Poster Contest Winner Announced

Gentlemen's and Ladies' Singles champions will earn $2.9 million dollars, which is 10 percent more than what last year's winners Andy Murray and Marion Bartoli received.

Those exiting in the early rounds and in qualifying will notice the biggest difference in their paychecks. First round singles losers will get a 14.9 percent raise while those who lose in the third round of qualifying will earn a 12.5 percent increase.

Wimbledon's prize money increase continues the recent trend of all Grand Slam tournaments raising their overall prize purses in the last several years.

The third major of the year will be held from June 23 to July 6.

For a complete breakdown of this year's prize money, click here.