Chess Tournament - Prizes

Prizes

The winners of chess tournaments are often rewarded with monetary prizes. Often, the chess tournament draws its prizes from a prize fund, from which all the winners in each section are rewarded. For example, the 2008 World Open chess tournament had a prize fund of $400,000. The winner of the open section was rewarded $30,000, while the winners of lesser sections were awarded subsequently smaller amounts. Other chess tournaments, such as the World Chess Championship, also reward the winners with a title, such as the "World Chess Champion". Lesser tournaments sometimes replace monetary rewards with book prizes or trophies.