Grigor Dimitrov
Grigor Dimitrov was last year's winner. In this picture, Dimitrov lifts the trophy as he celebrates victory following the singles final against David Goffin of Belgium during day eight of the 2017 Nitto ATP World Tour Finals at O2 Arena in London, Nov. 19, 2017. Julian Finney/Getty Images

The winner of this year's Nitto ATP Finals could receive nearly $3 million in prize money.

The season-ending tournament kicks off in London from Nov. 11 to 18 and will see the likes of Roger Federer, Novak Djokovic, Alexander Zverev, Kevin Anderson and more all take part.

Last year's winner of course, was Grigor Dimitrov, who entered the tournament for the first time and walked away with $2,549,000 in prize money earnings following his three-set win over David Goffin in the final.

This year's winner won't be Dimitrov and will also win slightly more, especially if they remain unbeaten throughout the round-robin stage, with a potential $2,712,000 in prize money earnings.

The full prize money earnings per stage are listed below for singles competition:

Winner: $1,280,000

Semifinalist: $620,000

Round-robin win: $203,000

Per match appearance fee: $203,000

Djokovic is the current favorite to win the event with 8/13 odds while Federer is behind him with 11/4 odds.

Although he lost in the final of the Paris Masters to Karen Khachanov last week, Djokovic has had a remarkable second half of the year with wins in Wimbledon, the Cincinnati Masters, the US Open and the Shanghai Masters.

Should the Serbian end his year on a high, he will not only earn as much as 1,500 points to further his lead at the top of the rankings, but he could also increase his prize money lead over Federer.

As it stands, Djokovic currently boasts $121,015,589 in career prize money earnings while he has earned $11,177,672 in the calendar year so far.

Federer, meanwhile, has $118,875,916 in career prize money earnings while he has earned $6,990,233 in the calendar year so far.

However, Djokovic and every other tennis star pales in comparison when it comes to Federer's endorsements, with the 37-year-old, named the highest-paid tennis player by Forbes earlier this year for the 13th year in a row, earning $65 million from endorsements.

Djokovic on the other hand, only earned $23.5 million from endorsements during the same time period.

Meanwhile, former No. 1 Boris Becker believes Federer has the advantage of an easier group in the ATP Finals.

The Swiss legend is paired along with the likes of Kevin Anderson, Kei Nishikori and Dominic Thiem while Djokovic is with Alexander Zverev, Marin Cilic and John Isner.

“I would reckon the Novak Djokovic group is the tougher one,” Becker said, as quoted on the Express. “Djokovic, Zverev, Cilic, Isner is a pretty rough one. ... On the other hand the Kevin Anderson isn’t too bad either on serving. Normally the big servers prefer indoors because they have the advantage. Roger Federer has a big serve.”

Federer will begin his ATP Finals against Nishikori on Sunday while Djokovic faces Isner on Monday. Winning the ATP Finals would be a great way to end what has been a mixed year for Federer.

After starting the year off with wins in the Australian Open and the Rotterdam Open, where he became the oldest No. 1 in tennis history, the Swiss underwent a poor run of form that saw him drop down the rankings.

He still however, has four titles to his name this year, with further victories in the Stuttgart and Basel Open.