What prize money does the Booker Prize winner receive?

The winner of the Booker Prize receives £50,000 in prize money.

The Booker Prize is awarded annually for what judges select as the best sustained work of fiction written in English and published in the United Kingdom or Ireland. The cash award is accompanied by the Booker trophy, but the prize’s impact often extends far beyond the money: winning can bring international attention, sharply increased sales, and translations into additional languages.

The prize was first awarded in 1969 and was originally known as the Booker Prize. Its cash value has changed over time; it doubled to £10,000 in 1978 before later rising to today’s £50,000. The shortlisted authors also receive £2,500 each, so the winner’s total recognition is not simply a matter of a trophy.

The £25,000 figure is easily confused with the International Booker Prize’s former award structure, while £50,000 refers to the main Booker Prize winner’s award.