F1 News
This is how much F1 teams earned in 2023: Red Bull big earner
- Ludo van Denderen
Formula 1 is doing well. Wherever the F1 circus goes, the stands are packed. That is why promoters pay very big money to bring in Formula 1. Moreover, television channels and streaming services pay hundreds of millions in total to be allowed to broadcast the sport. Part of the proceeds ultimately benefits the teams. The final ranking in the constructors' championship determines the distribution key. In addition, there are bonuses to be earned.
Formula 1 never announces exactly how many dollars are handed out in prize money, although it is clear what percentages are used in the distribution. The constructors' champion gets 14 per cent of the total, while last place has to make do with 6 per cent. There are also tens of millions to be gained from bonuses, for example, because teams have been active in F1 for many years. As a result, Ferrari gets about forty to fifty million dollars a year.
Prize pool determined by all sorts of factors
These bonuses are also distributed according to a complicated distribution key, in which all kinds of factors come into play: as mentioned, how long have you been in the sport? But also, how often has a team become a champion and, above all, when?
The exact figures, as mentioned, are not known, yet Autosport has been able to make this estimate for the prize pool distribution.
| Team | Prize money amount |
| Red Bull Racing | 128 million euros |
| Mercedes | 120 million euros |
| Ferrari | 114.5 million euros |
| McLaren | 103 million euros |
| Aston Martin | 95 million euros |
| Alpine | 87 million Euros |
| Williams | 79.5 million euros |
| AlphaTauri | 71 million euros |
| Sauber/Alfa Romeo | 63 million euros |
| Haas F1 | 55 million euros |