The 2018 US Open which marks its 50th anniversary this year, has announced a hike in the prize money. The champions of both men’s and women’s singles tournament will take home $3.8 million each which is comparatively higher than the winners of the 2018 Wimbledon. The singles runners-up of both the categories will be awarded $1.85 million. The 2018 US Open which is the final grand slam of the year, is the most remunerative.
The total prize money pool of 2017 tournament was $50.4 million whereas the 2018 prize money is increased by 6% and is estimated to be $53 million. There is a 6% increase for the singles, 5% increase for women and men’s doubles events. With a drastic hike in the total prize money, the 2018 US Open is said to be the highest paying grand slam outright.
Just as the US Open Tennis Association had announced in 2013 that the US Open prize money will be yearly increased, which would eventually reach $50 million in 2017 is exactly how things have ended up. The 2018 US Open will see the increase in prize money for the 7th straight year and is considered the most profitable tennis tournament (more prize money than 2018 Wimbledon and 2018 French Open).
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The US Open tournament offers awards not only to the winners but also the losing players get amply compensated. Participating in the first, second and the third qualifying rounds, the players eliminated on the first qualifying round will get around $7,500 each, while those who got eliminated on the second qualifying round will take home $15,000 each. The players who leave home on third qualifying round will pocket around $20,000.