Enter the total number of winners and the total prize pool into the calculator to determine the prize money split.

## Prize Money Split Calculator

The following formula is used to calculate the amount of money earned by each person in a prize money split.

\$/P = PP / #P

• Where \$/P is the prize money per persons (\$)
• PP is the total prize pool (\$)
• #P is the number of people slitting the prize

To calculate the prize money split, divide the prize pool amount by the total amount of people that are splitting the prize.

## What is a prize money split?

A prize money split is defined as the amount of money each person receives when a prize pool is split between a certain amount of people.

## How to calculate prize money split?

Example Problem:

The following example outlines how to calculate a prize money split.

First, determine the total prize pool. In this example, the total prize pool amount is \$1,000,000.00.

Next, determine the number of winners splitting the money. In this case, 4 people are splitting the winnings.

Finally, calculate the earnings per persons using the formula above:

\$/P = PP / #P

\$/P = \$1,000,000 /4

\$/P = \$250,000.00