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US Open announces record $108 million prize purse

US Open announces record $108 million prize purse

The U.S. Open has announced a record $108 million prize purse for its final Grand Slam tournament this year, a 20% increase from last year. The men's and women's singles champions at the August 23 to September 13 major in New York will each earn $5.5 million, marking a 10% rise and the largest payout for a singles champion in Grand Slam history.

The compensation package also includes a new Grand Slam record for first-round payouts, which will increase by 27% to $140,000. This news came shortly after the sport's four biggest tournaments formed a Grand Slam Player Council to address issues such as prize money.

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