Cash Prize
Prize Money
noun
A prize of gold is so old fashioned. We use cash now, which is why this word means cash prize.
しょうきん
This is a jukugo word, which usually means on'yomi readings from the kanji. If you know the readings of your kanji you'll know how to read this as well.
実はコウイチの首には賞金がかけられているって知っていましたか。
Did you know that the prize money is actually on Koichi's head?
ビエトは今回の日本旅行で当てたけい馬の賞金が一億円もあるらしい。
I heard that Viet won a one-hundred-million yen cash prize from a horse race during his Japan trip this time.
私達は変顔コンテストの賞金をいつもらえるんですか？
When do we get our prize money from the funny face competition?