BREAKING: U.S. Open prize fund reaches …Read more
U.S. Open prize fund reaches record $75 million
The prize money for this year’s U.S. Open has reached a historic $75 million, marking a 15% increase from the previous year and establishing it as the largest prize pool in tennis history, according to an announcement by the United States Tennis Association (USTA) on Wednesday.
Both the men’s and women’s singles champions of this final Grand Slam event will each receive $3.6 million, reflecting a 20% rise compared to last year’s winnings.
Last year, Serbian tennis star Novak Djokovic claimed the men’s title in New York, securing his 24th Grand Slam victory, while Coco Gauff achieved her first major title in one of tennis’ premier events.
The USTA revealed that all rounds and events within the main draw and qualifying tournament this year will experience an increase in prize money compared to 2023, with particular emphasis on boosting early-round earnings.
Consequently, first-round losers in the main draw will now take home $100,000, marking a 23% increase from 2023. Additionally, the prize money for the final round of qualifying has been elevated by 16%, reaching $52,000.
The total prize money for men’s and women’s doubles will see a 9% increase from last year, while mixed doubles prize money will experience an 18% jump.
These increases are part of the USTA’s broader strategy to distribute the prize money more evenly across all rounds and events, thereby benefiting a larger number of participants.
In an important note, the USTA announced that there will be no wheelchair tournament at this year’s U.S. Open due to the scheduling of the Paralympic Games. However, the association has committed to providing player grants to those who would have been directly accepted into the wheelchair draw.
This measure aims to ensure that these players receive compensation equivalent to the prize money they would have earned.
The 2024 U.S. Open is scheduled to take place from August 26 to September 8. This prestigious event is expected to attract top tennis talent from around the world, all vying for a share of the record-breaking prize fund and the chance to secure a Grand Slam title.
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