World Chess Championship 2023 will start on 07 April and end on 01 May 2023. The first edition of the competition was played in 1886. Kazakhstan has hosted the tournament. Ian Magnus Carlsen from Norway is the previous tournament winner. The prize money for the World Chess Championship 2023 has been announced.
World Chess Championship Prize Money 2023
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The total €2 million prize money is set for the World Chess Championship 2023, distributed between the finalists. The winner of the World Chess Championship will get a trophy and a €1.2m prize share which is the 55% of the total purse.
The runner-up of the World Chess Championship 2023 will get a 40% share of the total payout, which is €800k prize share. The prize money for the runner-up increased compared to last year.
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The winner must need 7.5 points throughout 14 matches to win the title. But a tie-break will decide the winner if both players receive the same points in the games.
The prize shares will be different in this case. The winner will take 55%, which is €1.1m, and the runner-up will earn 45%, which is €900k prize share.