Tag: prize money

  • US Open Prize Money Hits Record Levels

    US Open Prize Money Hits Record Levels

    The US Tennis Association has announced a significant increase to the prize money pool at the US Open, beginning August 26th.

    The overall pool jumps to a record $34.3 million, a significant increase on the 2012 figure of $25.5 million. The new five year deal will see prize money escalate year on year, culminating in a $50 million pool by 2017.

    The ladies and mens singles champions will both walk away $2.6 million richer – the biggest tournament winning prize in the sport.

    Additional bonuses may also be awarded to the overall winner based on pre-US Open hardcourt events.

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    The full breakdown is as follows:

    • Winners – $2.6 million
    • Runners Up – $1.3 million
    • Semi-Final Losers – $650,000
    • Quarter Final Losers – $325,000
    • 4th Round Losers – $165,000
    • 3rd Round Losers – $93,000
    • 2nd Round Losers – $53,000
    • 1st Round Losers – $32,000

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  • Wimbledon splashes the cash

    Wimbledon splashes the cash

    The All England Club has announced a significant increase in prize money for the Wimbledon Championships 2013.

    Players can look forward to a hike of 40%,making Wimbledon the most lucrative of all the four major championships.

    The tournamount winners will each receive £1.6 million (a jump from £1.15 million in 2012) and the overall price fund has increased by £6.5 million to a bumper £22.6 million booty.

    In percentage terms, the biggest increases are focused on players who lose either in qualifiers or the early rounds of the tournament. Doubles players also enjoy a 22% increase in their share of the loot.

    The historic club also announced plans to install a roof over the second showcourt. Court No. 1 will enjoy a retractable roof by the 2019 tournament.

    Discuss this and more with fellow tennis fans in our community forums.