The US Open has broken the bank with yesterday’s announcement of a record $57 million prize packet for the final Grand Slam of the season.
New York officials fired the latest shot in the prize money arms race among the majors with the latest increase.
With Wimbledon just over, the All England Club paid an equivalent total of just of $47 million. The Open has beaten that by around $10 million.
Men’s and women’s singles winner will each walk with $3.8 million, a huge premium over the $2.9 earned by Wimbledon champions.
First round pay for losers is not shabby either. New York participants will earn a healthy $58,000 in defeat compared to nearly 56,000 at the London grass major.
By comparison, total prize money at Roland Garros this year was the equivalent of $46 million while Australia shelled out around $44 million.
The Open has proclaimed its prize packet as the richest ever in tennis and will take over (temporary) bragging rights among the cash-rich majors.
In addition or bankrolling players, the event also said it will contribute a total $1 million to the ATP and WTA Tour Player Programs, including pensions.
The 2019 rise is calculated at a decent 8 per cent over 2018, with first-round prize money going up by almost double (47 per cent).
Qualifiers will benefit from an increase of almost 20 per cent, which is calculated as a doubleing of payouts over the last four years.
“The US Open prides itself on offering the best tennis players in the world, the richest total prize money in our sport,” USTA chairperson Patrick Galbraith said.
“We strive to be innovative, and feel that our new contribution of $500,000 to the ATP’s player programs including its pension and the WTA Tour’s transition programs for players will go a long way toward the long-term financial well-being of all of our sport’s athletes.”
Main draw play at Flushing Meadows begins on August 26.