Prize money was first awarded in 1968, the year that professional players were allowed to compete in the Championships for the first time. Total prize money was 26,150; the winner of the men's title earned 2,000 while the women's singles champion received 750.
Before 2007, among grand slam tournaments, Wimbledon and the French Open awarded more prize money in men's events than in women's events. In 2007, Wimbledon changed this policy, awarding the same amounts per event category to both men and women. The decision has been controversial because women generally spend considerably less time playing on court than men (except in mixed doubles) owing to their wins being based upon best of three sets, whereas men's are based upon best of five sets.
In 2009, a total of 12,500,000 in prize money was awarded with the singles champions receiving 850,000 each, an increase of 13.3 percent on 2008. In 2010 total prize money increased to 13,725,000, and the singles champions received 1,000,000 each. A further increase of 6.4% in 2011 resulted in a total prize money amount of 14,600,000. Both male and female singles champions prize money increased to 1,100,000, a rise of 10%. The 2012 Championships offered total prize money of 16,060,000, an increase of 10.0% from 2011. The bulk of the increases were given to players losing in earlier rounds. This move was in response to the growing angst among lower-ranked players concerning the inadequacy of their pay. Sergiy Stakhovsky, a member of the ATP Player Council and who was at the time ranked 68th, was among the most vocal in the push for higher pay for players who bow out in the earlier rounds. In an interview Stakhovsky intimated that it is not uncommon for lower-ranked players to be in the negative, for certain tour events, if their results weren't stellar. This issue gained the attention of the men's "Big Four"Novak Djokovic, Roger Federer, Andy Murray, and Rafael Nadalas well as the Championships.
In 2013 total prize money was further increased by about 40% from 2012 to 22,560,000. The losers in the earlier singles rounds of the tournament saw a highest 62% increase in their pay while the total prize money of the doubles increased by 22%. The prize money for participants of the qualifying matches saw an increase of 41%. Sergiy Stakhovsky, a member of the ATP Player Council, was the loudest voice for this increase. The 2015 prize money was 1,880,000 each for the Gentlemen's and Ladies' Singles winners, 340,000 each pair for the Gentlemen's and Ladies' Doubles winners, and 100,000 per pair for the Mixed Doubles winners. The total prize money awarded is 26,750,000 up 7% from the 25,000,000 in 2014. The 2016 Wimbledon Championships saw prize money for the Gentlemen's and Ladies' Singles winners reach 2,000,000 for the first time. The winning pair of the Gentlemen's and Ladies' Doubles received 350,000, a 10,000 increase from 2015. 100,000 was awarded to the winning pair of the Mixed Doubles competition.
In 2016, the total prize money of 28,100,000 was a 5% increase on the 2015 prize money.
In 2017, the total prize money rose by 12.5% to 31,600,000, with the Gentlemens and Ladies Singles Champions each receiving 2.2 million, a 10% increase from 2.0 million in 2016.