The Grand Slam tournaments are the four most important annual tennis events. The Grand Slam tournament comprises of Australian Open, French Open, Wimbledon and the US Open.
The International Tennis Federation is the governing body of the Grand Slam tournaments which was founded in 1913. The tournaments offer prize money, ranking points, titles, rewards, and popularity among public and media.
Around $189 million is given as prize money in 2018 Grand Slam tournaments. Among the four Grand Slams, the US Open has the highest prize money every year and increased it at pace. The other Grand Slams are forced to increase their prize money in order to compete with the US Open.
The prize money was already announced for the 2019 Australian Open. The 2018 prize money is used for other and it will be updated once 2019’s prize money is available.
Australian Open Prize Money
The Australian Open is the first Grand Slam that takes place at Melbourne, Australia over the last fortnight of January every year. First held in 1905, the Australian Open is the first Grand Slam tournament of the year and uses hardcourt.
Roy Emerson was the winner of the most Men’s Singles titles before 1969. He has won 6 titles whereas, after 1969, the winner of the most Men’s Singles titles are Novak Djokovic and Roger Federer. They have clinched 6 titles with Roger Federer as the winner of the current (2018) Men’s Singles.
Similarly, in the Women’s category, Margaret Court has maintained a record of winning 11 Singles titles. Since 2003, Serena Williams has won the most Singles titles with 7 victories. The current (2018) Women’s Singles title winner is Caroline Wozniacki.
The 2019 Australian Open has increased their prize money by 14% as compared to the last year’s prize money which took the complete pool to $43.95 million. When it comes to men’s and women’s singles competition the winners will take home AU$4.1 million each.
French Open Prize Money
The French Open is the second of the four annual Grand slams that are held over two weeks between late May and early June in Paris, France. Also called as Roland-Garros, it is the only tennis tournament held on the clay court.
When it comes to the winner of the most French Open Men’s Singles titles, Rafael Nadal is the only name that strikes our mind. After 1967, Nadal has won 11 Men’s Singles title and is the reigning 2018 Men’s Singles title holder. In the Women’s category, the winner of the most Women’s Singles title is Chris Evert. She has won 7 titles after 1967, whereas the current (2018) Women’s Singles title holder is Simona Halep.
The French Open has also offered a hike in the prize money to $48 million for the 2018 events. The winners of the men’s and women’s singles procured €2.2 million. The increase in the French Open prize money can be seen every year by 10% to 15%. Check out the complete list of French Open prize money.
Wimbledon Prize Money
The Wimbledon is the oldest tennis tournament in the world that takes place over the two weeks of the late June and the early July. It is the third annual tennis tournament which is held in Wimbledon, London every year. In 2007, the Wimbledon finally instituted equal prize money.
Before 1968, the winner of the most Gentlemen’s Singles titles was William Renshaw who won the title 7 times. After 2003, the player to clinch most of the Gentlemen’s Singles titles is Roger Federer who has won the title 8 times. The current (2018) winner of the Gentlemen’s Singles title is Novack Djokovic.
On the other side, the winner of the most Ladies’ Singles titles before 1968 was Helen Wills who claimed 8 titles. This record was broken by Martina Navratilova who has won 9 Ladies’ Singles titles. The present (2018) Ladies’ Singles title winner is Angelique Kerber.
Since 1968, the Wimbledon prize money has been gradually increased except in 1971 where the money got reduced than the previous year. Wimbledon has announced a 7.6% increase in the prize money this year taking the money pool to $45 million. The winner of the singles played by the men’s and women’s take-home £2.2 million.
US Open Prize Money
The US Open is chronologically fourth and the final Grand Slam tennis tournament which starts on the last Monday of August and goes on for two weeks. This championship is rated as the most profitable Grand slam because of its continuous increase in the prize money every year at a high rate with a 6% increase for the 2018 US Open.
Roger Federer has won the most Singles title since the year 2000. He has won the title 5 times and the current (2018) US Open Men’s Singles title winner is Novak Djokovic. Similarly, in the Women’s category, Serena Williams has won the most Singles titles 6 times. The current (2018) US Open Women’s Singles title winner is Naomi Osaka.
The complete prize money for 2018 US Open has come up to $53 million. The overall pool money has been estimated by including the singles, doubles and the mixed doubles events. The winners of the men’s and women’s singles taking home a record-breaking amount of $3.8 million each. Check out the complete list of US Open prize money.
Overall Comparison of the Grand slams Prize Money – 2018
In general, the Grand slam conducts three main events namely, Singles, Doubles and the Mixed doubles for both men and women. The prize money that is fixed for each Grand Slam is being divided accordingly with respect to the various events. The Winner of each category gets the highest prize which differs according to the Grand Slam.
The Singles title winner gets comparatively higher than the Doubles and Mixed Doubles winner. In the Doubles category, the Australian Open winner and the US Open winner get the highest prize money of $700,000 whereas, in the Mixed Doubles category, the US Open offers $155,000 to the winner and the Australian Open offers $150,000.
The 2018 Grand slams highest prize money has been offered by the US Open. The comparison of the prize money of the singles event of the four Grand Slam tournaments is listed below:
|2019 Australian Open||2018 French Open||2018 Wimbledon||2018 US Open|
|Total||$43.95 million||$48 million||$45 million||$53 million|
|Singles – Men and Women|
|Doubles – Men and Women|
NOTE: prize money was converted to USD using exchange rates on the day it was announced.
From the above table, we can see the gradual increase in the four Grand slams with the US Open’s prize money being the highest prize money in Tennis Grand slams.