In this file photo taken on July 10, 2022, Serbia's Novak Djokovic kisses the trophy as he celebrates after beating Australia's Nick Kyrgios to win the final of the men's singles on day fourteen of the Wimbledon tennis championships in London. (PHOTO / AP)

LONDON - The total prize money on offer at Wimbledon has risen to a record 44.7 million pounds ($56.52 million) for the Championships this year, a 11.2 percent increase on 2022, the All England Lawn Tennis Club (AELTC) said on Wednesday.

Winners and runners-up of the men's and women's singles finals will also see their prize money rising to previous levels in 2019, where they received 2.35 million pounds and 1.175 million pounds, respectively.

In this file photo taken on July 10, 2022, Barbora Krejcikova of the Czech Republic (left) and Katerina Siniakova of the Czech Republic react with the trophy after winning against Belgium's Elise Mertens and China's Shuai Zhang, in the final of the women's doubles on day fourteen of the Wimbledon tennis championships in London. (PHOTO / AP)

Our ambition with this distribution is to return the singles champions and runners-up prize money to the levels in 2019 prior to the (COVID-19) pandemic whilst... providing deserved support for players in the early rounds of the event.

Ian Hewitt, Chairman of the AELTC

The prize money for winners fell to 1.7 million pounds in 2021 before it was increased to 2 million pounds last year.

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The qualifying competition prize fund has also received a 14.5 percent increase on last year while any player losing a first-round match is assured of at least 55,000 pounds -- an increase of 10 percent on 2022.

"We are delighted to offer record prize money to the players competing at the Championships this year, with double-digit increases across the majority of events," said AELTC chairman Ian Hewitt.

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"Our ambition with this distribution is to return the singles champions and runners-up prize money to the levels in 2019 prior to the (COVID-19) pandemic whilst... providing deserved support for players in the early rounds of the event."

The grasscourt Grand Slam runs from July 3-16.