Yearly, Liberty Media hands out millions in prize money. RacingNews365 understands that 45% of the total F1 revenue goes directly to the teams.
Part of that consists of prize money, to be distributed via a descending percentage scale, another part consists of bonuses.
Last year, the prize money pot (excluding bonuses) was estimated at $1 billion. Looking at Liberty Media's revenue in 2024, we see that after the third quarter it had 25% more revenue than in the first three quarters in 2023.
However, we do see that each quarter the growth decreases somewhat, so for the table below we assume a 15% increase in revenue over the entire year.
If we pass that same 15% on to this year's prize money compared to last year, we arrive at the amounts below.
The champion takes 14% of the prize pool, 10th place takes 6%. This brings us to the figures below. McLaren, as champion, takes the largest amount.
A small detail is that although Red Bull finished in third, Max Verstappen's team will receive at least as much as in 2023 ($140 million), due to the larger total pot.
Figures are approximate and rounded to whole millions.
F1 constructors' prize money 2024
| Position | Team | Estimated prize money ($) |
|---|---|---|
| 1 | McLaren | 161 million |
| 2 | Ferrari | 151 million |
| 3 | Red Bull | 140 million |
| 4 | Mercedes | 130 million |
| 5 | Aston Martin | 120 million |
| 6 | Alpine | 109 million |
| 7 | Haas | 100 million |
| 8 | VCARB | 90 million |
| 9 | Williams | 79 million |
| 10 | Stake F1 | 69 million |
Also interesting:
Join RacingNews365's Ian Parkes, Sam Coop and Nick Golding in the final episode of the year, as Ian and Sam battle it out in the RacingNews365 Big Fat F1 Quiz of the Year! Join in the fun by yourself or with other people to test your 2024 F1 knowledge!
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