The VRC offered prize money in excess of $6,200,000
6 Million Australian Dollars with an additional 500 thousand prize money for the winner of Melbourne Cup and the Irish St. Leger
The question is misleading. How much prize money for what?
The winner of the Champions League Challenge Cup, receives a cup and a cash prize. The prize for 2013 was 10.5 million Euros. That is equivalent to $13,610,205.00.
The prize money increases each year. In 2013, the prize money for winning a singles title was 2.4 million and in 2014 it was 2.6 million. For the runner-up in the singles final was 1.2 million and 1.3 million respectively. The prize money amount will increase in 2015. For doubles, the winner won $475,000 in 2013 and $520,000 in 2014. Mixed doubles was $135,500 (2013) and $135,500 (2014). Doubles amounts are per team.
There are winners in several categories. The top two prizes are for men's singles and women's singles. The prize for each is 1.6 million British pounds or 2,384,000 US dollars
How much is the prize money for nit basketball and ncaa champions
Typically a tournament that has guaranteed prize money states that there is a guaranteed prize pool and often go on to say how much. For example: Guaranteed prize pool of $250,000. This means no matter what they take in for buyins, this much will be reserved for the prize money. The rest will go to costs of hosting the tournament be online or in a casino.