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F1's fourth championship to offer record Sh81 million prize money

Ferrari driver Sebastian Vettel of Germany, top, spins off the track during the 70th Anniversary Formula One Grand Prix at the Silverstone circuit, Silverstone, England, Sunday, Aug. 9, 2020. [AP Photo/Frank Augstein, Pool]

The fourth official Formula One Esports Series starting this month will have a record prize fund of $750,000, the sport announced on Thursday.

Last year's prize fund was $500,000, itself more than double what was on offer in 2018.

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