prize money

noun
1.
money offered, won, or received in prizes.
2.
a portion of the money realized from the sale of a prize, especially an enemy's vessel, divided among the captors.

Origin:
1740–50

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
prize money
 
n
1.  any money offered, paid, or received as a prize
2.  (formerly) a part of the money realized from the sale of a captured vessel

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
That's because a good racer can make its owner millions of dollars in prize
  money-and even more than that if it becomes a breeder.
He'd threaten a no-show unless the promoters ponied up more prize money.
Some cheaters simply want to wield more power, while others are lured by prize
  money offered in tournaments.
Or simply cast your vote for a project, then watch the solutions unfold online
  as winning teams put their prize money to work.
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