The richest prize ever Grand Slam tournament ever, US Open is set to start at Flushing Meadows in New York later today. With a total prize purse of $53 million (₹365 crore approx.) even a qualifier in the main draw will return home richer by a minimum of $54,000 (₹37 lakh approximately).
The US Open with a 5% increase in the total prize purse of $50.4 million last season, has become the highest prize money tennis tournament ever. All the four Grand Slam tournament have raised the prize purse substantially. But none of the other three come closer to the US Open. The Australian Open, the first grand slam of the year, had raised the total prize purse to Australian dollar 55 million (US$ 40.25 million approximately) this year. French Open followed suit with a revised prize purse of €39.20 million (US$45.5 approx) and then the most prestigious Wimbledon increased the total offerings to £ 34 million (US$43.7 million approx).
The revised prize purse at the US Open mean that the singles winners this season will become richer by $3.8 million, the largest payout in US Open history and a $100,000 increase from last year.
Similar to the past three years, the USTA has also improved the pay outs for the first three rounds of the tournament to drive more of the increases to the majority of the players.
US Open Prize money has increased by 57 percent since 2013. The US Open was the first tournament to offer equal prize money to men and women competitors in 1973.
The total $53 million purse for the 2018 US Open is more than a 5 percent increase on the $50.4 million offered in 2017.
In the men’s and women’s singles tournaments this year, players will earn $54,000 for playing in the main draw, $93,000 for reaching the second round and $156,000 for advancing to the Round of 32. They will take home $266,000 for reaching the fourth round, $475,000 for contesting the quarterfinals and $925,000 for making the semi-finals. Reaching the final is worth $1,850,000, an increase of $25,000 over last year.
Both the men’s and women’s doubles champion teams will earn $700,000, the highest in US Open history. First- and second-round losing teams will earn $16,500 and $27,875, respectively. Teams reaching the Round of 16 will receive $46,500, quarter-finalists will win $85,275 and those play semi-finals will take home $166,400. Finalists will collect $350,000.
In addition, the US Open Qualifying Tournament will offer more than $3 million in prize money for the first time.