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F1 2023

F1's billion dollar prize pot: this is how much prize money each team will receive

With Red Bull taking all the spoils after becoming F1 Constructors' World Champions in 2023, RacingNews365 analysis F1's billion dollar prize pot.

Verstappen start Abu Dhabi 2023
To news overview © Red Bull Content Pool

Although the prize pot in Formula 1 is not made public, it is possible to make a good estimate based on some financial records.

Half of the profits made by F1 are distributed to the teams, with the Constructors' champions naturally getting the most, before being distributed lower down the ranks.

These payouts have been increased since the arrival of Liberty Media in 2017, ensuring that the money is distributed more fairly in the current Concorde Agreement.

In this article, we are talking purely about prize money. There are some other bonuses as well.

For example, it is widely believed that Ferrari gets an extra bonus because they have been present in F1 since day one. This is reportedly about 5% of the prize pool, which translates to around $50 million a year.

Teams that have already been successful in recent years will also get an extra bonus.

How will all the bonuses be distributed? Last year we made the video below with a detailed explanation. The article continues below that.

F1 prize money

Under the previous arrangements, the champions got about 20% of the prize pool, while those who finished 10th got 6%. Nowadays, the champions get about 14% of the pot, while those who are 10th still get 6%.

Although the exact payouts are not known, from interviews and analysis it is still possible to make a good estimate of this year's prize money. After paying out all the bonuses, there will be about a billion dollars in prize money left to distribute to the teams.

Red Bull is, of course, the team with the most prize money left over from this season. Max Verstappen single-handedly ensured that the title went their way, along with some $140 million in prize money.

Haas only collects $60 million with its disappointing season, in which it finished tenth. The other $800 million is split as follows.

NOTE: Exchange accurate as of 23:54 GMT on date.

View the overview of the 2023 F1 prize money below.

F1 constructors prize money 2023

# Team Estimated prize money ($) In GBP (£)
1. Red Bull $140 million £111 million
2. Mercedes $131 million £103 million
3. Ferrari $122 million £97 million
4. McLaren $113 million £89 million
5. Aston Martin $104 million £82 million
6. Alpine $95 million £75 million
7. Williams $87 million £68 million
8. AlphaTauri $78 million £62 million
9. Alfa Romeo $69 million £54 million
10. Haas $60 million £47 million

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