US Open Serves Up Record $108M in Prize Money

Bloomberg's Shaquille Omari reports that the US Open has announced a record $108 million prize purse, up 20%, with singles champions earning $5.5 million and runners-up $2.8 million. The increase follows years of player advocacy for a larger share of tournament revenue and negotiations between players and tennis organizations. The US Open and other grand slams also formed a player advisory council focused on pay transparency. - The US Open's total prize purse rises to a record $108 million, a 20% increase. - Men's and women's singles champions will each receive $5.5 million, up from $5 million. - Runners-up will each collect $2.8 million, up from $2.5 million. - The increase follows player pressure and negotiations over prize money and revenue sharing. - A player advisory council was launched to discuss pay transparency with players. - The report focuses on sports business rather than direct financial market implications.