U.S. Open Tennis Increasing Prize Money to $38.3 Million

The U.S. Open tennis tournament will award an event-record $38.3 million in prize money this year, including $3 million to the men’s and women’s singles winners, an increase of 11.7 percent from a year ago.

The total is a $4 million increase from 2013 and includes the largest individual payout in the Grand Slam event’s history. In the last three years, U.S. Open main draw prize money has increased by 64.6 percent.

With the latest increase, the U.S. Open currently has the second-highest total prize money of tennis’s four major events, ranking behind Wimbledon’s $42.3 million total this year. The French Open is next at $34.5 million, followed by the Australian Open at $33 million.

Each round of this year’s singles competition will increase more than 10 percent over 2013. The total main draw prize money, which includes singles, doubles, and mixed doubles, increased by 12.5 percent. Both men’s and women’s doubles champions will earn $520,000, the highest in tournament history.

The tournament is scheduled for Aug. 25-Sept. 8.

Before it's here, it's on the Bloomberg Terminal.