MLB Home Run Derby payouts: What prize money does the winner get?

[Wheat Thrilling Goldfish]

The MLB Home Run Derby isn't just a contest for bragging rights across the league, there's some serious cash involved in the event too for the winner and the participants.

On Monday, the 2026 Home Run Derby kicked off to much fanfare in Philadelphia to begin the MLB All-Star festivities. Last year, Cal Raleigh charmed baseball fans with his thrilling final bout over Junior Caminero to capture the top prize. While Raleigh wasn't a contestant this year, fans in Philadelphia got to see two Philadelphia Phillies take the stage in Bryce Harper and Kyle Schwarber among other sluggers like Willson Contreras and Ben Rice.

The derby is certainly the most fun aspect of the All-Star festivities by far, but if the excitement of hitting dingers isn't enough to tempt players, the prospect of some money might be. Especially if they're a younger player not raking in the dough yet in their careers, winning the Home Run Derby could be quite the pay bump!

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