In the last three years each of the four grand slams authorities has increased Prize Money pool and the trend started several years ago when ATP top men and women complained that they are not paid enough compared to other sports. Now US Open wants to take the total yearly prize money pool to around $50 million by 2018. Which kind of force other grand slams to increase the prize money every year.
In 2016 Australia Open increased the prize money by 10% compared to last year which took the total pool to $44 million where winners of mens & women singles pocketed $3.8 million each.
French Open also increase the total prize money pool to €28 million ($29.5m) in 2015 where singles winnners will pocket €1.8 million euros. Inrease in french open prize money is part of 4 years plan where every year there will be €2 million increase taking French Open prize money to €30 million by 2016. (Euro has decreased significantly in the last 6 months)
Wimbledon also announced a 7.6% increase in the total prize money pool taking it to £26.75 million ($42.2m) and singles winners will get massive £1.88 million this year.
US Open tennis championship is set to become the most lucrative grand slam as authorities announced another 10.5% increase in total prize money pool taking it to massive $42.3 million where winners of both mens and singles event will pocked record breaking $3.3 million.