Wimbeldon Prize Winners See Prize Money Rocket

jordan hammondCorrespondent IApril 20, 2010

LONDON - JULY 5:  (EDITORS NOTE: THIS IMAGE IS A COMPOSITE OF TWO SEPERATE PORTRAITS) In this handout image provided by the AELTC, Roger Federer of Switzerland,  the Mens Singles Champion 2009 and Serena Williams of the United States, the Ladies Singles Champion 2009 pose with their trophies at the Champions Dinner at the Intercontinental Hotel Park Lane on July 5, 2009 in London, England. (Photo by AELTC/Bob Martin via Getty Images)
Handout/Getty Images

Wimbledon singles winners will bank a cool one million pounds for their efforts after the All England Club revealed their 2010 prize money today.

This year's Wimbledon singles winner will bank one million pounds for their effort - an increase of 17.6%

Last year's champions - Roger Federer and Serena Williams - each banked £850,000 but the total prize fund for this year's event has risen by a recession-busting £1.175 million.

The total prize money for the event will be £13.7m, a 9.4% increase on last year.

"Wimbledon exists in a highly competitive global marketplace and it is the world's best players who create and drive the interest," said All England chairman Tim Phillips.

"It is important that we offer a level of prize money which is both appropriate to the prestige of the event and which gives the players full and fair reward."