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Discover LudwigThe phrase 'prize pool' is correct and usable in written English.
You can use it when talking about the collective prize value of a competition or contest. For example, "The total prize pool of the online competition was $1000."
Dictionary
prize pool
noun
The total amount of money that is distributed among the winners in a tournament.
Exact(60)
As a result, they are able to monopolise the inflated prize pool.
The winner's check of $40,000 goes into his team's year-end prize pool.
In other words, Mr Buffett's investment is like buying a lottery ticket when the prize pool is attractively large.
The prize pool, too, offers a clear indication of the detour the show takes from the usual reality show script.
Sweden plays host to Dreamhack, a twice-yearly games party with a prize pool of 400,000 kroner ($57,000).
To the literary world, Cory had seemingly come out of nowhere only to scoop up the entire prize pool.
This year's World Series of Poker alone offered a prize pool exceeding $222 million, not counting the seven events to be contested next month in France.
With a prize pool of $10.9m, the sum is a record for such competitions, known as electronic sports or e-sports.
The winning prize pool is $20,000, spread out across 8 finalists, with awards ranging from $1,000 to $7,000 each.
The winner will take home a prize pool of $20,580£13,19090), the amount of money included in a set of Monopoly.
Last year, Valve managed to raise a prize pool of $10m for its Dota 2 championship by charging players $10 for the game's Compendium virtual sticker book.
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