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Prize money at this year’s Wimbledon will increase by 20% to £64.2m.
The singles’ champions will each take home £3.6 million, with first-round losers paid £80,000.
More than £6m has been set aside for the qualifying competition, an increase of 25%.
Overall prize money has increased by £10.7m at a time when a group of players are campaigning for an even greater share of the proceeds.
“We are thrilled that we are able to give such a big uplift to the players,” Deborah Jevans, the chair of the All England Club (AELTC), told BBC Sport.
"I hope that the players will sit back and recognise that we listened, that they are sharing in our success and will recognise that this is a significant uplift and a significant amount of money that goes not just to the semi-finalists and finalists.
“And I also hope that they recognise all the improvements that have been made in the facilities."
Players are campaigning for the Grand Slams to link prize money to tournament revenue, while also contributing to their benefit pool and giving them a greater say in how the events are run.
The players had been hoping for a sum close to £71.7m from Wimbledon. They want all four Slams to pay 16% of their revenue in prize money this year - and calculate that figure by adding 5% to last year's revenue.
“We don't look at percentages; we don't actually believe that is the right metric,” Jevans added.
“It is one metric that is based purely on revenue and doesn't take into account any costs, and we cannot run a business in that way.
“We have expenses - we have spoken about infrastructure and investment in grass court tennis.
“You cannot run a sustainable business, and we have been around for nearly 150 years, just by looking at revenue. That is just plainly wrong."
The AELTC paid the Lawn Tennis Association (LTA) £48.1m last year under an agreement that requires it to distribute 90% of each year's surplus to the governing body.
Player prize money has more than doubled over the past 10 years, and sources have previously voiced frustrations at the suggestion they are exploiting players "like some Victorian mill owners".
The AELTC voluntarily distributed £10m in prize money to 620 players who would have featured in the 2020 Championships had they not been cancelled because of the COVID pandemic.
A 9.5% increase in prize money at the recent French Open was not enough for some players, who limited their pre-tournament media commitments to just 15 minutes in protest.
And, like the AELTC, the French Tennis Federation also takes exception to the principle of linking prize money to revenue.
"I believe that these figures are not the ones we should really look at, but we'll have that discussion with the players," tournament director Amelie Mauresmo said on Sunday.
"I believe that everybody has to make a step in the other's direction, and we'll have to change the mentality. So we'll need goodwill from everyone."
The US Tennis Association (USTA) offered $90m (£67.2m) - and a 20% increase - in prize money last year. The prize fund for this year's US Open, which begins on 30 August, is expected to be announced shortly after Wimbledon.
It will comfortably clear the $100m mark and could well exceed the players' demands for 2026 prize money, which represents 16% of tournament revenue.
The players are enjoying increasing leverage and have highlighted the US Open's new star-studded mixed doubles event in negotiations with the USTA.
The point has been made that the competition is more important to the commercial success of the US Open's 'Fan Week' than it is to many players, who may need to arrive earlier than scheduled, since it takes place the week before the main draw.
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