In the last six years each of the four grand slams authorities has increased Prize Money pool and the trend started several years ago when ATP top men and women complained that they are not paid enough compared to other sports. Now US Open wants to take the total yearly prize money pool to around $50 million by 2018. Which kind of force other grand slams to increase the prize money every year as well.
- In 2017 Australia Open increased the prize money by 14% compared to last year which took the total pool to Aus$50 million (USD$37 million) where winners of mens & women singles pocketed $2.8 million each.
- French Open also increase the total prize money pool to €36 million ($39.2m) for 2017 event where singles winnners will pocket €2.1 million euros. Increase in french open prize money is part of 4 years plan where every year French Open will get prize money hike of around 10% to 15%.
- Wimbledon also announced a 5% increase in the total prize money pool taking it to £31.6 million ($40.79m). Mens and women singles winners will get massive £2.2m million this year. Wimbledon lost the most lucrative grand slam title after brexit caused massive drop in GBP.
- US Open tennis championship became the most lucrative grand slam as authorities announced another 10% increase in total prize money pool for US Open 2016. The total pool now stands at $46.3 million where winners of both mens and singles event will pocket record breaking $3.5 million each. For 2017 event Another 10% increase is expected which will make US Open outright most lucrative tennis grand slam with $50 million in prize money pool.
If we compare all the grand slams prize money pool with current rate of currency conversion, US Open is the highest paying both in terms of total prize money pool and how much the singles winners take home. here is a detailed comparison of all 4 grand slams prize money pool in singles event.
|TOTAL||$37.3 million||$39.2 million||$40.79 million||$46.3 million|
|4th Round losers||$165,000||$170,490||$191,598||$235,000|
|3rd Round losers||$95,000||$113,660||$116,120||$140,000|
|2nd Round losers||$60,000||$56,830||$72,575||$77,200|
|1st Round losers||$30,000||$28,500||$43,545||$43,300|