The 2023 Mr. Olympia is scheduled to begin on November 2 at the Orange County Convention Center, located at 9800 International Drive, Orlando. The competition that made its debut in 1965 has now evolved into the most coveted title in professional bodybuilding. And when that’s the case, the price has to be hefty.
The competition gathers together the most legendary and finest bodybuilders across the world to flaunt their muscular, sculpted physiques and pose most artistically. As the date of the competition draws closer, there has been quite a bit of anticipation regarding the prize money.
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Get your tickets at https://t.co/4Oao0z4Zx0 – ORLANDO, FL Nov 2-5! pic.twitter.com/A6GIysud3c
— Mr. Olympia LLC (@MrOlympiaLLC) October 7, 2023
The athletes and fans are eager to know this year’s breakdown, as they have also brought back the legendary Masters Olympia contest, last held in 2012, whose price money is $229,000.
At the Masters Olympia competition held in 2008, Dexter Jackson won the title. He was rewarded with the total prize set for first place, which was $75,000 out of the total $145,000 prize pool. The 2023 Masters Olympia will be held together with the Olympia Amateur Eastern European competitions.
The prize money for 2023, Mr. Olympia, is expected to cross last year’s $1.6 million. It may vary every year, depending on the accumulation of sponsorships, ticket sales, and a few other factors. A significant portion of the prize pursued will be rewarded to the top-tier finishers, mainly the winner.
The Mr. Olympia competition is promptly known for rewarding substantial prize money to its winners. Based on the information available, the prize money for Mr. Olympia would be $400,000 and for Ms. Olympia, $50,000. The prize purse breakdown is in this form:
- Mr. Olympia: $400,000
- 212 Showdown: $50,000
- Ms. Olympia: $50,000
- Fitness Olympia: $50,000
- Figure Olympia: $50,000
- Bikini Olympia: $50,000
- Men’s Physique Showdown: $50,000
- Women’s Physique Showdown: $50,000
What was the prize purse for 2022 Mr. Olympia?
Analyzing last year’s 2022 Mr. Olympia competition, the total purse for all 11 events combined was $1.6 million. It was regarded as the highest total purse in the history of professional bodybuilding competitions. The last recorded purse was from 2015 to 2022 at $1.4 million.
The most significant portion of the prize money goes to the winner, which is in six figures, but not the whole amount goes to him. Hadi Choopan took home the title of Mr. Olympia 2022.
Hadi Choopan 2022 MR OLYMPIA pic.twitter.com/3sCQpmyCnF
— GENERATION IRON (@GenerationIron) December 18, 2022
In 2022, $750,000 was set aside for the Mr. Olympia winner. In 2021, it was $400,000, and the second place took home $150,000, while the third runner-up at $100,000. The remaining 10 events receive smaller payouts, among which the highest goes to Ms. Olympia at $95,000. The exact division among the remaining nine events has not been announced by the competition.