According to multiple sources, the FIA distributes a prize pot of over $900 million to teams competing in the F1 World Championship each year. The prize money is distributed based on the final years standings, with the team that finishes top of the constructors’ championship earning the most prize money, while the team that finishes in 10th earns the least. The top team will receive 14% of the total prize pot, and the bottom team will receive 6% . The prize money is not entirely merit-based, as a percentage of the money is allocated to teams based on their ranking in the World Constructors Championship. The funds are generated through diverse channels, including the groups payments for race fees and television rights.
The prize pot for 2023 is worth more than $900 million, of a total F1 prize pot of around $2.2 billion. The exact amount of prize money that the winning constructor will receive is not clear, as it depends on various factors such as the teams ranking, points classification, and overall revenue share from F1. However, it is safe to say that the team that finishes first in the constructors championship will earn the most. It is important to note that drivers do not receive any prize money, as they are paid salaries by the teams they drive for.
