prize money

noun

Definition of prize money 

1 : a part of the proceeds of a captured ship formerly divided among the officers and men making the capture

2 : money offered in prizes

Examples of prize money in a Sentence

Recent Examples on the Web

Epic Games wrapped up its weekly Fortnite Summer Skirmish series on Monday, crowning one victor and giving out $1.5 million in prize money after a four-day series of high-stakes tournament play between the game’s most skilled players. Nick Statt, The Verge, "Epic’s Summer Skirmish series was a beta for the future of competitive Fortnite," 6 Sep. 2018 The Jacksonville tournament had $5,000 in prize money to divide among the top finalists. Russ Bynum, Fox News, "'It just doesn't make sense': Gamers baffled by shootings," 27 Aug. 2018 The winner will get the majority of the prize money for their charity, with the other players getting a smaller portion for their charities as well. Lisa Marie Segarra, Fortune, "TBS to Host Its Second Celebrity E-Sports Tournament for Charity," 28 June 2018 The top 201 supporters of the winning team split a $200,000 chunk of the prize money. Bill Landis, cleveland.com, "Jae'Sean Tate, Andrew Dakich form Big Ten alumni team to compete for $2 million in The Basketball Tournament," 14 May 2018 And her plans to use a big chunk of the prize money on a new summer internship program for undergraduate minority students also may be unprecedented for Waterman winners. Jeffrey Mervis, Science | AAAS, "Olson is first psychologist to win NSF’s Waterman award," 17 Apr. 2018 During a celebration to mark the award in The Seattle Times newsroom Monday afternoon, Baker said a portion of the prize money would help cover the costs of Seattle Times journalists attending investigative reporting workshops. Jessica Lee, The Seattle Times, "Seattle Times reporters win $50,000 Selden Ring Award for investigative reporting," 12 Feb. 2018 The tennis tournament, scheduled for August 28 through September 10, will award a total purse of $50.4 million, a $4 million (nine percent) increase over the total prize money in the 2016 US Open. Sam Dangremond, Town & Country, "Here's How Much Prize Money the US Open Winners Get," 1 Aug. 2017 His nine senior victories in 1985, a single-season mark matched only by Hale Irwin 12 years later, put him atop the year’s earnings list with $386,000 in prize money, a record at the time. Richard Goldstein, BostonGlobe.com, "Peter Thomson, Australian golfer with five British Open wins, dies at 88," 22 June 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'prize money.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of prize money

1654, in the meaning defined at sense 1

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Last Updated

18 Nov 2018

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The first known use of prize money was in 1654

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