ATP Announces Record Prize Money Increase for 2024

ATP Announces Record Prize Money Increase for 2024

The ATP has announced the largest single-year increase in player compensation in its history. The $37.5 million increase takes total compensation at ATP Tour and ATP Challenger Tour events to $217.9 million for the 2024 season, an all-time record.

Players will receive an increase of $18.6 million of on-site prize money paid out across the ATP Tour, led by the expansion of three ATP Masters 1000 tournaments from eight to 12-day events. A further two ATP Masters 1000 events are set to expand in 2025, creating more days of action and playing opportunities at top-tier ATP events.

The record increase also includes a significant uplift on the ATP Challenger Tour, which will see on-site prize money grow by 75 percent, from $12.1 million to $21.1 million. It follows the announcement of sweeping Challenger Tour enhancements earlier this season designed to strengthen the sport’s pathway and player earning potential.

Darinka Aleksic has been writing for Tennis Tips since its launch and has been an integral part of our team. Her role is to cover topics regarding everything tennis-related around the globe. From expert equipment reviews to exercise tips and tricks, she covers all the fields with a lot of attention to detail.

Her goal is to deliver top-notch tennis content and keep you up to date with everything in the modern tennis era while also reminding you about the game’s roots and history. Sports have always been a fundamental part of her life ever since she started playing tennis at the age of seven.

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