1Prize money — cash awarded to the winner of a contest, competition, or tournament.
マラソン大会の優勝者には賞金100万円が贈られた。
The winner of the marathon was awarded a prize of one million yen.
将棋のタイトル戦は賞金の高さでも話題になる。
Shogi title matches are also talked about for their large prize money.
懸賞小説に応募して賞金を狙っている。
I'm entering a novel-writing contest, aiming for the prize money.