The world’s best tennis players are getting a pay raise at the US Open.
The tournament will now offer $46.3 million in prizes for this year’s competition, which kicks off August 29, the U.S. Tennis Association said Tuesday. That’s a 10% hike over last year’s prize pool.
It was already the most lucrative of the sport’s four grand slam tournaments, and it will now offer rewards 24% bigger than the UK-based Wimbledon tournament based on current exchange rates.
Under the new award structure, the men’s and women’s champions in the singles division will receive $3.5 million each, and runners up will get $1.7 million. Each of the top eight finishers receive some type of compensation.
For the doubles, the top teams will take home $625,000 and the runners up will get $310,000. Prizes are offered down to the seventh place team, which will get $15,150.