Where does the prize money from chess championships come from?

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Avatar of EXtremeAEX

I know this is quite weird, but I am curious about it.

From here the prize money recently in total for both players in the final game was more than a million, so was just wondering how the money came about... hmmm...

Avatar of notmtwain
EXtremeAEX wrote:

I know this is quite weird, but I am curious about it.

From here the prize money recently in total for both players in the final game was more than a million, so was just wondering how the money came about... hmmm...

It was from corporate sponsors who paid for the rights and hoped to recover their investment through selling online video streaming access to the championship and live commentary.

The decision to operate that way generated a fair amount of controversy and several lawsuits. 

I am sure that you can find all the relevant articles you want by searching  this forum or Google for Agon, the corporate sponsor.

As far as I know, they haven't yet announced if they covered their expenses on the match or if they will seek to cover future matches.