Nitto ATP finals 2023 Prize money: All you need to know
Here’s everything you should know about the prize money on offer at the 2023 ATP Finals
The ATP Finals stands as the concluding tournament on the ATP Tour’s annual schedule. Following the four major tennis championships, it holds a prominent place as one of the most important events in men’s tennis. This competition gathers the top eight singles players and doubles teams, selected based on their performance over the course of the season. If necessary, the eighth spot is set aside for a player or team that has won one of the year’s major tournaments and is ranked between ninth and twentieth place.
The tournament employs an exclusive format, setting it apart from other ATP Tour competitions. Participants are divided into two groups of four, and each player or team engages in three round-robin matches within their respective group. Following this initial stage, the top two players or teams from each group progress to the knockout phase, consisting of semifinals and a final match, which ultimately decides the champion.
The tournament’s origins trace back to 1970, although it was originally known by a different name. Notably, Roger Federer and Novak Djokovic share the record for the most singles titles, each with six victories, while Peter Fleming and John McEnroe jointly hold the record for the most doubles titles, both with seven wins. Looking ahead, the 2023 edition is scheduled to take place at the Pala Alpitour in Turin, Italy, spanning from November 12 to November 19, 2023. This marks the 54th edition of the tournament (49th for doubles) and marks Turin’s third time hosting the ATP Tour year-end championships.
The prize money offered at the tournament reflects its prestigious status, and for the 2022 ATP Tour Finals, the total prize pool amounted to $15,000,000. This represents a significant increase of 103.45% compared to the previous year. In the singles category, the participation fee was $325,500, marking a 1.72% rise from the previous year, while a victory in a round-robin match earned players an additional $390,000, a 1.75% increase compared to the earnings from twelve months ago. If a player manages to win the ATP Tour Finals without dropping a match, they receive $4,801,500, which is a 1.29% increase compared to 2022. The final match alone contributes $2,201,000 to that total prize.
Let us take a look at the complete breakdown of prize money at the 2023 ATP finals in the table below:
Singles
| 2023 | Prize Money $ USD | Prize Money £ GBP | Prize Money Euro | % Change vs 2022 |
|---|---|---|---|---|
| Alternate | $152,500 | £132,967 | €161,814 | 1.67% |
| Participation Fee* | $325,500 | £283,809 | €345,380 | 1.72% |
| Round-robin Match Win | $390,000 | £340,047 | €413,819 | 1.75% |
| Semi-final Match Win | $1,105,000 | £963,467 | €1,172,488 | 3.27% |
| Final Win | $2,201,000 | £1,919,086 | €2,335,427 | 0.03% |
| Undefeated Champion | $4,801,500 | £4,186,503 | €5,094,754 | 1.29% |
Doubles
| 2023 | Prize Money $ USD | Prize Money £ GBP | Prize Money Euro | % Change vs 2022 |
|---|---|---|---|---|
| Alternate | $50,850 | £44,067.94 | €47,356 | 1.70% |
| Participation Fee* | $132,000 | £114,394.66 | €122,929 | 1.54% |
| Round-robin Match Win | $95,000 | £82,329.49 | €88,472 | 1.82% |
| Semi-final Match Win | $175,650 | £152,222.90 | €163,579 | 3.32% |
| Final Win | $351,000 | £304,185.80 | €326,879 | 0.17% |
| Undefeated Champion | $943,650 | £817,791.84 | €878,802 | 1.44% |
The singles lineup for the 2023 Nitto ATP Finals has been established, featuring a roster of elite players including Alexander Zverev, Holger Rune, Novak Djokovic, Carlos Alcaraz, Daniil Medvedev, Jannik Sinner, Andrey Rublev, and Stefanos Tsitsipas. Notably, the inclusion of 20-year-olds Alcaraz and Rune marks a special occurrence, as it’s the first time in over two decades, since 2000, that two players aged 20 or under have qualified for the same Nitto ATP Finals. Back in 2000, it was 19-year-old Lleyton Hewitt and 20-year-old Marat Safin who made their debuts in the tournament.
Among the notable participants, four of them have previously tasted victory at the Nitto ATP Finals. Novak Djokovic, a six-time champion, has the chance to surpass Roger Federer and claim the record for the most titles in the history of year-end championships since 1970. Alexander Zverev secured the title in both 2018 and 2021, while Stefanos Tsitsipas emerged as the champion in 2019 at the age of 21, becoming the youngest winner since Lleyton Hewitt in 2001. Additionally, Daniil Medvedev added his name to the winners’ list by lifting the trophy in 2020.
Novak Djokovic, Carlos Alcaraz, and Daniil Medvedev have all ascended to the No. 1 spot in the ATP Rankings. Djokovic is currently in a prime position to clinch the ATP Year-End No. 1 title. If he accomplishes this achievement for an unprecedented eighth time, he would also hit a remarkable milestone of 400 career weeks as the World No. 1 on November 20, just a day after the tournament concludes. In doing so, Djokovic would become the first player in tennis history to reach this remarkable 400-week milestone at the top of the rankings.
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