London, June 12 -- Total prize money at this year's Wimbledon will increase by 7% to a record £53.5m.

The prize pot, worth £50m in 2024, is double the £27m on offer in 2015.

Carlos Alcaraz and Barbora Krejcikova each took home £2.7m for winning the men's and women's singles titles respectively last year, according to a BBC news.

This year's winners will receive £3m, an increase of 11%.

Players knocked out in the first round will receive £66,000, an increase of 10%.

There will be a 4% increase for the men's and women's doubles winners, who will earn £680,000, and a 3% increase for the mixed doubles winners, to £135,000.

The All England Lawn Tennis Club also confirmed the full introduction of live...