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Eager to find out more concerning Monte Carlo Masters prize money for 2023? I’ve given you the complete rundown right here.
Monte Carlo Masters 2023 – What’s on Offer?
Contents
Monte Carlo Masters, the first clay court event of the 2023 circuit is upon us. Despite the mood being dampened by Rafael Nadal and Carlos Alcaraz missing out, Novak Djokovic’s return to prime tennis events will surely be a draw.
The Serbian missed the Sunshine Double due to his coronavirus vaccination status but will be gunning to go. With Alcaraz winning at Indian Wells, the 35-year-old lost his number 1 ranking but regained it after the 19-year-old failed to defend his Miami Open title.
Djokovic can extend his world record streak at the top of men’s game with a successful stint in Roquebrune-Cap-Martin. He will come across Stefano Tsitsipas, who has won the event on the last two occasions. Daniil Medvedev will look to cause problems as he searches for a sixth successive tournament final.
There are more headlines to be made with Andy Murray returning to the event since his last appearance in 2017. The Scot was world number 1 at that time but injuries and loss of form mean he currently languishes in 57th place.
As some of the best players in the world to compete on the clay courts of Monte Carlo, the prize money of the event will also draw the attention of fans and professionals alike. We will take a closer look at how the prize money is distributed in the Monte Carlo Masters, and what they stand on making given their progress. So let’s dive in!
Monte Carlo Masters Prize Money – Men’s Singles
The principality of Monaco is known for luxury and Monte Carlo epitomizes it. The Masters’ event is one of the most prestigious tennis tournaments and offers a significant amount of prize money.
For 2023, the total prize money for the Monte Carlo Masters is set to be €5,779,335, which is equivalent to approximately $6,310,000. The winner of the tournament will receive a cash prize of €892,590, which is equivalent to around $974,571. The runner-up will receive €487,420 or roughly $532,188.
The prize money gradually decreases for players who are eliminated in earlier rounds of the tournament. Semifinalists will get €266,530 ($291,010), quarterfinalists €145,380 ($158,733), round three players €77,760 ($84,902), round two players €41,700 ($45,530), and round one players €23,100 ($25,222). Players who make it through the qualification rounds will receive €11,830 ($12,917) for making it to Q2 and €6,200 ($6,769) for Q1.
This represents a 6.73% increase compared to the amount Stefanos Tsitsipas received in 2022 when he won the title. While the year-on-year increase is marginal, the prize money has seen substantial increases in yester years.
In 2022, the prize money for the Monte Carlo Masters experienced a massive increase of 159.99%, rising from €2,082,960 in 2021 to €5,415,410. This increase was due to the resumption of the tournament after it was cancelled in 2020 due to the COVID-19 pandemic.
Monte Carlo Masters Prize Money 2023 – Men’s Doubles
The doubles competition at the Monte Carlo Masters also offers a generous prize pool. The winning pair will receive €282,870 or approximately $308,864, while the runners-up will receive €152,140 or around $166,121. This represents a 10.2% increase compared to the previous year’s offering. The runners-up will earn €152,140 or $166,121, up 9.1% from 2022.
The semifinalists will each receive €81,140 or $88,596, an increase of 6.0% from the previous year. The quarterfinalists will €41,140 or $44,921, while those who make it to the second round will take home €21,980 or around $24,000. First-round participants will receive €11,830 or approximately $12,917.
Players eliminated in the quarterfinals and earlier will see a decrease in prize money compared to last year. They will see a drop of 2.6%, 5.4% and 6.6% at the quarterfinals, Round 2 and Round 1, respectively.
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