{"id":480910,"date":"2023-12-19T16:15:55","date_gmt":"2023-12-19T14:15:55","guid":{"rendered":"http:\/\/betcentral.onpressidium.com\/?p=480910"},"modified":"2023-12-19T16:15:57","modified_gmt":"2023-12-19T14:15:57","slug":"f1s-billion-dollar-prize-money-how-the-cash-was-divided-between-10-teams","status":"publish","type":"post","link":"https:\/\/machibet777-affiliate.com\/formula-1\/f1s-billion-dollar-prize-money-how-the-cash-was-divided-between-10-teams\/","title":{"rendered":"F1&#8217;s Billion Dollar Prize Money: How The Cash Was Divided Between 10 Teams"},"content":{"rendered":"\n<p>Now that the engines have been switched off and the drivers are on vacation, let&#8217;s look at how Formula 1 divides the prize money between the teams depending on where they finished in the Constructors\u2019 Championship.<\/p>\n\n\n\n<p>The 2023 Formula 1 season saw the drivers&#8217; and constructors&#8217; titles sewn up with six races remaining.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/machibet777-affiliate.com\/formula-1\/how-soon-can-max-verstappen-win-the-2023-formula-title-2023-08-29\/\">Max Verstappen <\/a><\/strong>won his third title and Red Bull their second consecutive constructors&#8217; trophy. The constructors&#8217; championship is important because it dictates how the prize money is divided between the ten teams.<\/p>\n\n\n\n<p>So, while Verstappen received the majority of the plaudits for his outstanding 19 race wins from 22 Grand Prix, Red Bull&#8217;s achievement helped the team significantly.<\/p>\n\n\n\n<p>Naturally, the top team receives the most money from the prize pot. The rest of the money is distributed among the remaining teams with each team getting a lesser amount the lower they finish.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<div   id="7rtdq1biye"    class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div   id="7rtdq1biye"    class=\"wp-block-button\"><a class=\"wp-block-button__link has-black-color has-text-color has-background no-border-radius wp-element-button\" href=\"https:\/\/www.bet.machibet777-affiliate.com\/sports\/motor-racing\/\" style=\"background-color:#f2a12a\" target=\"_blank\" rel=\"noreferrer noopener\">Bet Now: Formula 1<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>F1&#8217;s Concorde Agreement, a binding business contract that governs the sport, the prize money is made up of 50% of the profit from the sport&#8217;s commercial rights.<\/p>\n\n\n\n<h3><span class=\"green\">Ferrari&#8217;s Special Bonus?<\/span><\/h3>\n\n\n\n<p>Besides the prize money for the team&#8217;s dependent on their final position in the constructors&#8217; championship, there are also other bonuses.<\/p>\n\n\n\n<p>According to RacingNews365, Ferrari receives a bonus for their longevity in Formula 1. The Italian team has competed in the sport since its inaugural season in 1950. It has been widely reported that the 16-times constructors&#8217; winners&#8217; pocket 5% of the prize pool, equating to $50 million per year.<\/p>\n\n\n\n<p>Other bonuses are afforded to teams who have been successful in recent years, such as winning championships.<\/p>\n\n\n\n<p>The exact figures in prize money are not made public, but F1 publications have pieced together a breakdown of the cash based on financial records and other documents.<\/p>\n\n\n\n<h3><span class=\"green\">The Fight For Money In 2023<\/span><\/h3>\n\n\n\n<p>After all the peripheral bonuses are paid, there&#8217;s around $1 billion in the prize money pot.<br>Red Bull were untouchable this season, winning 21 of the 22 Grand Prix. Ferrari&#8217;s Carlos Sainz won the Singapore GP and was the only other driver to win a race.<\/p>\n\n\n\n<p>While the Spanish driver took the only other win, Ferrari still lost out to Mercedes for second place in the championship. The Brackley-based team&#8217;s reliability got them over the line, three points ahead of the Italian team.<\/p>\n\n\n\n<p>The surprise team of the year for us was McLaren. The British team finished fourth in the standings which looked impossible after a terrible start to the season. They finished comfortably ahead of Aston Martin who were urged on by a rejuvenated Fernando Alonso.<\/p>\n\n\n\n<p>Alpine had a disappointing season finishing sixth, while Williams punched above their weight to claim seventh thanks to Alex Albon&#8217;s 27 points.<\/p>\n\n\n\n<p>The final three places are occupied by AlphaTauri, Alfa Romeo, and Haas.<\/p>\n\n\n\n<h3><span class=\"green\">2023 Constructors&#8217; Prize Money<\/span><\/h3>\n\n\n\n<p>These are estimated figures.<\/p>\n\n\n\n<ol>\n<li>Red Bull &#8211; $140 million<\/li>\n\n\n\n<li>Mercedes &#8211; $131 million<\/li>\n\n\n\n<li>Ferrari &#8211; $122 million<\/li>\n\n\n\n<li>McLaren &#8211; $113 million<\/li>\n\n\n\n<li>Aston Martin &#8211; $104 million<\/li>\n\n\n\n<li>Alpine &#8211; $95 million<\/li>\n\n\n\n<li>Williams &#8211; $87 million<\/li>\n\n\n\n<li>AlphaTauri &#8211; $78 million<\/li>\n\n\n\n<li>Alfa Romeo &#8211; $69 million<\/li>\n\n\n\n<li>Haas &#8211; $60 million<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Now that the engines have been switched off and the drivers are on vacation, let&#8217;s look at how Formula 1 divides the prize money between the teams depending on where they finished in the Constructors\u2019 Championship.<\/p>\n","protected":false},"author":39,"featured_media":480924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","beyondwords_generate_audio":"1","beyondwords_project_id":"20741","beyondwords_content_id":"d1507350-512b-4d33-a29f-04a1648f649e","beyondwords_preview_token":"","beyondwords_player_style":"","beyondwords_language_id":"","beyondwords_title_voice_id":"","beyondwords_body_voice_id":"","beyondwords_summary_voice_id":"","beyondwords_error_message":"","beyondwords_disabled":"","beyondwords_delete_content":"","beyondwords_podcast_id":"d1507350-512b-4d33-a29f-04a1648f649e","beyondwords_hash":"5992889fefa4badb6d0c394264cb16960385ba39","publish_post_to_speechkit":"","speechkit_hash":"","speechkit_generate_audio":"","speechkit_project_id":"","speechkit_podcast_id":"","speechkit_error_message":"","speechkit_disabled":"","speechkit_access_key":"","speechkit_error":"","speechkit_info":"","speechkit_response":"","speechkit_retries":"","speechkit_status":"","speechkit_updated_at":"","_speechkit_link":"","_speechkit_text":""},"categories":[1505],"tags":[1587,2356,1301,105,2431,2502,373,1298,1506],"yoast_head":"\n<title>Formula 1: Billion Dollar Prize Money 2023<\/title>\n<meta name=\"description\" content=\"Now that the engines have been switched off and the drivers are on vacation, let&#039;s look at how Formula 1 divides the prize money.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/machibet777-affiliate.com\/formula-1\/f1s-billion-dollar-prize-money-how-the-cash-was-divided-between-10-teams\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"F1&#039;s Billion Dollar Prize Money: How The Cash Was Divided Between 10 Teams\" \/>\n<meta property=\"og:description\" content=\"Now that the engines have been switched off and the drivers are on vacation, let&#039;s look at how Formula 1 divides the prize money.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/machibet777-affiliate.com\/formula-1\/f1s-billion-dollar-prize-money-how-the-cash-was-divided-between-10-teams\/\" \/>\n<meta property=\"og:site_name\" content=\"Bet Central\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/betcoza\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-19T14:15:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-19T14:15:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machibet777-affiliate.com\/wp-content\/uploads\/2023\/12\/Bet-Central-Updated-2023-12-19T161323.392.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sean Parker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/Sean_ParkerSA\" 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