What is the prize money for 2023 Nitto ATP Finals?
With the 2023 Nitto ATP Finals soon to start on 12 October, the prize money for the competition has been released.
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(L-R) Casper Ruud and Novak Djokovic. (credits: ATP Tour)
When any tennis player starts his season in January, he dreams of playing at the year-end tournament, for this is the formidably the most important piece of silverware determining the top tennis athlete of the season. With the 2023 Nitto ATP Finals just a week away from kicking off on 12th October at the Pala Alpitour Stadium in Italy, the prize money is out.
Last season’s champion, Novak Djokovic, will arrive in this tournament to reclaim his trophy and it won’t come as a shock considering the things the Serbian has achieved this year. He is on a blistering run while other stars such as Carlos Alcaraz and Daniil Medvedev looking to challenge him for the ultimate title. The remaining lot has also been finally determined after the commencement of the recently played Paris Masters.
World No. 7 Holger Rune and World No. 9 Alexander Zverev confirmed themselves as the last two spots in the tournament. The other three stars competing in this hugely contested competition are Jannik Sinner, Andrey Rublev, and Stefanos Tsitsipas. Djokovic is currently targeting his seventh ATP Finals title, looking to break the record held by Roger Federer as the player with the most titles in this tournament.
Three other players have also won this championship during the course of their careers. Zverev emerged victorious on two occasions in 2018 and 2021, followed by Tsitsipas and Medvedev, who have won the title in the years 2019 and 2020, respectively. The groups are still not divided, with the draws to be confirmed very soon according to the current rankings of the players.
Round-wise prize money for the 2023 Nitto ATP Finals:
The prize money for the 2023 Nitto ATP Finals is $15,000,000 and the participation fee for a player is $325,500. This is an increase of about 103.45% compared to the total prize money in last year’s tournament. There is also a major increase in the financial reward for every round in the competition compared to the 2022 edition of the tournament.
The prize money for the ATP players is mentioned below:
| Position of Player | Prize Money (USD) |
|---|---|
| Group stage match | $383,300 |
| Semi-finalists | $1,070,000 |
| Runner-up | $2,200,400 |
| Champion | $4,740,300 |
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Soumyadeep Mondal
(882 Articles Published)