Here’s everything you should know about the prize money on offer at the 2023 US Open
The US Open tennis tournament this year is set to achieve a new milestone with a total prize fund and player earnings amounting to an unprecedented $65 million. This marks a notable increase from last year’s payout of approximately $60 million. Action in the singles main draws is scheduled to commence on August 28th at the USTA Billie Jean King National Tennis Center, culminating with the women’s final on September 10th and the men’s final on September 11th.
In 2023, the US Open commemorates its 50th anniversary of being the first tennis event to offer equal prize money to both male and female players. The singles champions for men and women will each earn $3 million this year, which marks a rise of approximately 15% from the previous year’s $2.6 million.
However, this amount still falls short of the pre-pandemic prize of $3.9 million awarded to winners in 2019. Notably, players who exit the tournament in the earlier rounds will also experience an increase in earnings. For instance, those eliminated in the first round of singles will receive $81,500, up from $80,000 in 2022 and $58,000 in 2019. In the doubles category, the championship-winning teams will receive $700,000 per pair, representing a growth from the $688,000 rewarded in 2022.
The USTA is enhancing financial support for participants across various categories, including qualifying and main-draw singles, doubles, mixed doubles, and wheelchair events. Notably, competitors will receive $1,000 travel vouchers for the first time, and all participants will now be provided with a second complimentary room in an official tournament hotel, a departure from the previous offering of only one room.
Alternatively, players can opt for a stipend of $600 per day (increased from $300) to cover alternative housing arrangements. Additionally, meal allowances and racket stringing services will also be augmented. In comparison, when considering exchange rates during the respective tournaments, Wimbledon offered around $56.5 million in prize money, the French Open provided approximately $54 million, and the Australian Open presented about $53 million.
A complete breakdown of prize money in the Singles events have been shared below:
| Men’s and Women’s Singles Players | 2023 Prize Money Per Player |
|---|---|
| Winner | $3,000,000 |
| Finalist | $1,500,000 |
| Semifinalists | $775,000 |
| Quarterfinalists | $455,000 |
| Round of 16 | $284,000 |
| Round of 32 | $191,000 |
| Round of 64 | $123,000 |
| Round of 128 | $81,500 |
| Total | $44,700,000 |
When it comes to men’s and women’s doubles, the victorious pairs secured $688,000 in 2022, marking a 4.24% increase from the previous year. In 2023, the triumphant teams will receive $700,000 each. The second-place teams earned $344,000 in 2022, which also saw a 4% growth. This year, the amount will be $350,000. In mixed doubles, the champions earned $163,000, whereas the runner-up team received $81,500. These figures have now been raised to $170,000 for the winners and $85,000 for the runners-up.
Which Grand Slam in the Tennis calendar offers the highest prize money?
The US Open remains the accurate response to this, as even in 2023, no other Grand Slam event exceeded the amount of $65 million in prize money. The most recent Wimbledon Championships came closest, ranking second with a total of $56.6 million this year. However, due to the strength of the Pound Sterling, the men’s singles winner Carlos Alcaraz earned $3.03 million for his victory, while Novak Djokovic received $1.51 million. Individually, this makes it more financially rewarding for singles players, when not considering the overall prize money.
Alternatively, the Australian Open presented an all-time high prize pool of $55.9 million in the current year. Within this, both the men’s and women’s singles champions received $2.17 million each. The runners-up were granted $1.09 million. Interestingly, albeit by a narrow margin, the French Open possesses the smallest overall prize fund among the four Grand Slam tournaments, standing at $55.5 million. Nonetheless, the winners of the singles events received comparable rewards to those of the US Open, with each victor securing $2.5 million. The finalists in the French Open obtained $1.25 million.
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