Wimbledon singles champs to receive about $3 million

Prize money keeps going up at Wimbledon, with first-round losers as well as champions cashing in on record rewards.

The All England Club announced on Tuesday prize money for this year's grass-court Grand Slam will increase by 7 percent to reach a total of 26.75 million pounds ($40.60 million).

The men's and women's singles champions will each receive 1.88 million pounds. The prize fund will be "the highest ever in professional tennis", surpassing last year's US Open purse of $38.25 million.