LONDON - Total prize money for this year's Wimbledon tournament will surpass 25 million pounds ($42 million), an increase of 10.8 percent from 2013.

Organizers said on Tuesday that the men's and women's singles champions will each receive 1.76 million pounds ($2.9 million), a 10 percent increase on last year's top prize won by Andy Murray and Marion Bartoli.

But the main increases are for the early losers, with players who fail to get past the third round receiving prize money worth 12.5 percent more than in 2013.

In all, an extra 2.4 million pounds ($4 million) is up for grabs compared to last year.

The grass-court Grand Slam will be played from June 23-July 6.