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Eager to find out more concerning Mutua Madrid Open prize money for 2023? I’ve given you the complete rundown right here.
Madrid Open 2023 – What’s on Offer?
In the wake of the Monte Carlo Masters, the world’s best scrambled to play in Barcelona, Banja Luka, Munich and Stuttgart. They will converge at Caja Magica in Madrid for the fourth 1000 series event.
The prestigious Madrid Open started as an indoor hard-court event in 2002 and stayed that way for five years. It was then that it became part of the European clay court swing towards the clay court soon after. It also adopted a blue surface for a year in 2012 but is now played on a red clay surface.
It is part of the ATP Tour Masters 1000 series for men and the WTA 1000 series for women, and has a rich history of champions, especially from Spain. Rafael Nadal holds the record for the most singles titles with five, followed by Novak Djokovic and Alexander Zverev with three each.
In doubles, Bob Bryan, Mike Bryan and Daniel Nestor have won five titles each. Among the women, Petra Kvitova has won the most singles titles with three, while Sara Errani and Roberta Vinci have won four doubles titles together.
The tournament usually takes place in early May, one week before the Italian Open and two weeks before the French Open. The 2023 edition will be held from April 25 to May 7. The singles draw consists of 96 players, while the doubles draw has 32 pairs.
In 2023, the Madrid Open will be offering a record amount of prize money, which is a reflection of the tournament’s growing popularity and prestige. The prize money for the 2023 edition is €7,705,780 each for the men’s and women’s events. The winners also receive 1000 ranking points each.
It is also a testament to the hard work of the tournament organizers, who have worked tirelessly to ensure that the Madrid Open remains one of the most exciting and competitive events in the world of tennis. Let’s take a closer look at how the prize money is distributed in the Madrid Open and how much players stand to earn based on their progress in the tournament.
Madrid Open Prize Money – Singles
The Madrid Open 2023 has total prize money of €15,411,560, with the winners of both the men’s and women’s singles events receiving €1,105,265, and the runners-up getting €580,000. The semi-finalists will take home €308,790 each, while the quarterfinalists will receive €161,525.
Players who make it to the round of 16 will earn €84,900, and those who reach the round of 32 will get €48,835. The figures go down for those who get eliminated in the earlier rounds, with players reaching the round of 64 receiving €27,045 and those in the round of 128 earning €16,340.
The qualifying rounds have also seen a reduction in prize money, with those who make it to the second qualifying round earning €8,265, and those in the first qualifying round receiving €4,510. It is essential to note that there has been a decrease in prize money compared to the previous year for the qualifying rounds. This is due to the increase in the number of players in the draw, from 64 to 96.
The semi-finalists will receive slightly less money compared to the previous year, with a decrease of 0.72%. The quarterfinalists will receive a reduction of 4.79% in prize money. Similarly, players reaching the round of 16 will get 6.44% less than they would have picked up in the previous year.
The decline in prize money is most significant for players who make it through the qualifying rounds, with a reduction of 37.66% and 40.15% for those reaching the first and second qualifying rounds, respectively.
Madrid Open Masters Prize Money 2023 – Doubles
The prize money for the doubles events at the 2023 Madrid Open has also increased compared to the previous year. The winning teams in the men’s and women’s doubles events will receive €382,420, which is 19.67% more than the prize money awarded in 2022, while the runners-up will receive €202,850, a 16.85% increase compared to last year.
The semi-finalists will receive €108,190, and the quarterfinalists will receive €54,840, they see an increase in take-home monies of 13.5% and 4.2% respectively. The prize money for the pairs that make it to the second round and the first round is €29,300 and €15,780, respectively.
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