What is the prize money for Madrid Open 2024? 

The Mutua Madrid Open is one of three Masters 1000 events played on European clay courts. The tournament, which started back in 2002, has also included the WTA Tour from 2009. It is held every year in the historical city of Madrid, Spain. 

Rafael Nadal is the tournament’s most successful winner, with five titles to his name. While the Spaniard has been out of form due to his recurring injuries, the 22-time Grand Slam champion will be back on his home ground after a year. The next-best player in Madrid with three titles, Novak Djokovic, has decided to drop out of the tournament.

Even the likes of Carlos Alcaraz is uncertain, as he is currently resting his right forearm, and has a few delayed plans for Madrid.

Jannik Sinner, on the other hand, will be making his appearance and is one of the favorites to win the tournament. Some other prominent players include Stefanos Tsitsipas, Alexander Zverev, and Holger Rune. 

On the women’s side of things, Iga Swiatek will lead the circuit and will be accompanied by her rivals Aryna Sabalenka and Coco Gauff. With a very open women’s draw this year, any possibility might stir up. However, Jessica Pegula recently shared a health update with her fans, confirming her withdrawal from the Madrid Open.

Madrid Open 2024 Prize Money for men

Last year, the tournament officials introduced a 96-player draw which is played over two weeks. The joint tournament, also known for its intensity, has a good amount of prize money that is offered to the players. 

However, unlike last year, the prize money has a few major changes. The total prize money for both events stands at €15,503,525 ($16,543,036), a 1.1% rise compared to last year. While the ATP side saw a decent increase of 2.22% in their total prize money, the WTA saw a drop of 0.10%. The ATP prize money stands at €7,877,020 ($8,405,174).

Along with the prize money of €963,225 ($1,025,144), the champion will also earn 1000 ranking points.

The runner-up also gets a hefty sum of €512,260 ($545,189). Unfortunately, the champion and the runners-up prize money have taken a huge drop of 12.85% and 11.68%, respectively. 

However, the doubles leg has seen an increase in the prize money for their champion and runners-up. The champion will take away €391,680 ($416,920), while the runner-up will earn €207,360 ($220,723). 

Here is a breakdown of the prize money for both singles and doubles leg of the ATP Tour. 

ATP singles prize money distribution

ATP doubles prize money distribution

Madrid Open 2024 Prize Money for women

The Madrid Open is one of the few tournaments that allows equal pay for both men and women. Hence the prize distribution remains the same for them as well. The champion also earns a huge prize of €963,225 ($1,025,144) along with 1000 points. 

Unlike last year, this time there will be a 96-player draw. There will be 32 seeded players and all seeds will receive first-round byes. Aryna Sabalenka is the defending champion. 

The women’s doubles will also be the same as men’s and is set to be huge this year. The women’s double champion will earn €391,680 ($416,920) and the runner-up will take €207,360 ($220,723).

Here is a full breakdown of the points for the women’s singles and doubles. 

WTA singles prize money distribution

WTA doubles prize money distribution

The Madrid Open will kick-start on 23 April with its qualifiers. The main round will begin on 26 April 2024. The finals, for both categories, will take place on May 5, 2024 (Sunday).

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