The phrase "prize purse" refers to the amount of money or winnings that can be won in a competition or contest. It's like a reward for winning or participating in an event. Full definition
With winners in 9 categories and a total prize purse of $ 300,000,00, World Food Championships in the largest food fight in the world. (filmon.com)
A billionaire Internet mogul has awarded a record $ 27 million for work on fundamental theory, dwarfing the Nobel, Kavli and Shaw prize purses (scientificamerican.com)
Boasting a massive prize purse, the event sets up shop at Snapper Rocks, renowned for its iconic «super-bank», promising world - class waves and flawless right - hand barrels. (australia.com)