The prize money for the 2023 US Open has been significantly increased. Coincident with the anniversary of 50 years of equal prize money, the New York Grand Slam set a record for its prize money.
This competition was the first major event to offer equal prize money to male and female competitors back in 1973. This achievement is more impressive when you realise that fifty years ago, the winners only won $25,000 each, which contributed to a prize of only $100,000.
“[Fifty years ago], people probably went, ‘Huh? What? The women are going to make as much as the guys?’ This is a huge event to do that. It starts to change the hearts and minds of people,” tennis legend Billie Jean King said.
“People think there’s money in women now. That’s why they’re buying soccer teams. That’s why they’re buying basketball teams. That’s why they really are investing now. There’s no question, the values have gone way up. People think it’s a good investment. That never used to happen, at least in women’s sports”.
How much is the winning prize for the US Open?
The prize money for the 2023 US Open is up an amazing 8% from the previous year, coming to a total of $65 million.
The winners of the men’s and women’s singles titles will get $3 million apiece. Comparing this amount to the 2022 reward, which was $2.6 million, there has been a notable increase of 15%.
At the US Open, how much do you get for each round?
The prize money for each round of the 2023 US Open is broken down in the following manner:
- Champion: $3,000,000
- Runner-Up: $1,500,000
- Semifinalists: $775,000
- Quarterfinalists: $455,000
- Round of 16: $284,000
- Round of 32: $191,000
- Round of 64: $123,000
- Round of 128: $81,500