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By Chris Oddo | Wednesday, July 8, 2014

 
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The U.S. Open will award $3 million to each of its singles champions while also boosting prize money across the board in 2014.

Photo Source: Reuters

The U.S. Open will boost its prize money payout at this year’s event to a record $38.3 million, a jump of 11.7 percent from 2013, the USTA said in a press release on Wednesday.

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Up over $4 million from 2013, the tournament will offer $3 million to its men’s and women’s singles champions, as well as increasing the payout to each round of the singles competition by at least 10 percent.

Over the last three years, U.S. Open main draw prize money has increased 64.6 percent.

In addition to the increase in singles payouts, the tournament is also allocating more of its resources to doubles and qualification. Both the men’s and women’s doubles champions will earn $520,000, the highest in US Open history. The US Open qualifying tournament will now offer more than $1.5 million in prize money ($1,572,000) for the first time, and this represents an 11% increase over 2013.

A first-round loser will net $35,750 (compared with $32,000 last year), while a second-round loser will take home $60,420 (compared with $53,000 in 2013).

“Last year to recognize the importance of the players and the key role they have in building our sport, the USTA shared our vision to reach $50 million in prize money at the US Open by 2017,” said Dave Haggerty, USTA Chairman of the Board and President. “This year’s prize money increase continues the commitment to make the US Open one of the most lucrative purses in all of sports.”

The U.S. second ranks second in the Grand Slam power play, coming just short of Wimbledon and higher than Roland Garros and the Australian Open. This year, Wimbledon had a total prize pool of $42 million, while the Australian Open had an overall purse of $33 million and the French Open paid out a total of $34 million.

 

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