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Home » Arnold Classic

2023 Arnold Classic Increases Men’s Open Prize Money, Winner to Receive Record $300,000

Within two years, the Arnold Classic organization has more than doubled their prize money for first place in Men's Open bodybuilding.

Written by Doug Murray

Published on12 January, 2023 | 1:58 PM EDT

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2023 Arnold Classic Increases Prize Money

2023 Arnold Classic Prize Money (Image via @arnoldsports/Instagram

Bodybuilding legend Arnold Schwarzenegger is upping the ante seven weeks before the 2023 Arnold Classic takes place from March 2-4, in Columbus, Ohio. The Arnold Classic organization released a statement on January 12, 2023, and announced the Men’s Open prize money has increased from $200,000 to $300,000 for first place. 

Since 1989, the annual Arnold Sports Festival has been an integral part of the bodybuilding calendar. The event serves as the second-most prestigious competition in the world, behind only the Mr. Olympia. In addition to bodybuilding, the festival features an array of sporting disciplines, like strongman, strongwoman, powerlifting, and arm-wrestling.  

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A post shared by Arnold Sports Festival (@arnoldsports)

While many fans are excited about the upcoming show, some, like Lee Priest, took issue with the promoters choosing not to showcase the Women’s Physique, Women’s Bodybuilding, Figure, and 212 Bodybuilding divisions at the 2023 Arnold Classic. According to Arnold executive Brian Powers, the decision was made due to a lack of competitors wanting to compete at the event. 

The latest increase in prize money for Men’s Open bodybuilding is now $100,000 less than what Mr. Olympia offered their Men’s Open winner ($400,000 awarded to Hadi Choopan at 2022 Mr. Olympia). Meanwhile, Derek Lunsford, who accepted a special invite to compete in the Open class, ended up walking away with $130,000 for second place. With the new cash incentive, it appears the roster in Ohio is likely to grow.  

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2023 Arnold Classic Men’s Open Prize Money Soars to Highest Ever at $300,000 7 Weeks Before Event

In a post made to the Arnold Sports Instagram page, Arnold Schwarzenegger announced a record $300,000 will be awarded to the Men’s Open first-place finisher. 

“From the first time we hosted a bodybuilding championship in Columbus in 1976, my goal has been increasing the prize money to reward these fantastic athletes.

They are making year-round commitments to improving their physiques and attaining their goals, and as a former competitor who worked bricklaying jobs during the offseason and now as a promoter, I want to match that level of commitment to the sport of bodybuilding,” Schwarzenegger said. “I am excited to announce that the winner of this year’s Arnold Classic will win a record of $300,000.” 

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A post shared by Arnold Sports Festival (@arnoldsports)

The Open class prize money bump comes one year after the company raised the prize money from $130,000 to $200,000 for the 2022 Arnold Classic. Promoters for the Arnold Classic also increased the Classic Physique winner’s check to $60,000, which is now more than what the Classic Physique Olympia champions earn for gold. 

“The $100,000 increase comes one year after the Arnold Classic top prize was increased from $130,000 to $200,000 as part of an investment that also saw the first-place check awarded to the Arnold Classic Physique champion increase to $60,000, the largest of any bodybuilding show.

The prize money for the Arnold Strongwoman Classic was also raised to $50,000, bringing the total cash prizes for pro bodybuilding and pro strongman to more than $1 million.” 

Below you can find their full statement:

Arnold Sports Festival 2023

As of this writing, there are less than 10 bodybuilders on the competitors list expected to compete in seven weeks. Samson Dauda, who turned in a stellar Olympia debut in sixth place, will take part in his second Arnold Classic competition after finishing fourth place last year. Reigning 212 Olympia Shaun Clarida said he’s ready for a battle with Samson and is prepared to out-pose the mass monster. 

Former 2021 AC champ Nick Walker would be a frontrunner if he decided to compete in Ohio, but publicly shot down the idea. He improved at 2022 Olympia with a third-place performance. Recently, veteran Samir Bannout suggested Derek Lunsford should make a splash at the 2023 Arnold. After finishing runner-up to Choopan at 2022 Olympia, Lunsford would enter the contest having defeated most of the lineup at least once. 

RELATED: Blessing Awodibu Decides to Skip 2023 Arnold Classic: ‘I Need Time, Expect A Crazy Comeback Later This Year’

The added prize money could motivate a few more contestants to throw their name in the mix. Despite losing over $4 million hosting shows during Covid-19, Schwarzenegger is determined to make the 2023 Arnold Classic bigger than ever. 


Catch comprehensive coverage of the 2025 Arnold Classic, including pre-judging, event recaps, analyses, and complete Arnold Classic results at our Arnold Classic coverage hub:
FitnessVolt.com/arnold-classic


If you have any questions about this news, please feel free to contact Doug by leaving a comment below.

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Doug Murray

Doug Murray

Doug Murray is a News Editor for Fitness Volt with a focus on strength sports, including bodybuilding and powerlifting. His experience covering diverse sports, including MMA, for publications like Sportskeeda and CagesidePress informs his in-depth reporting.

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