What is the prize money for the Madrid Open 2023?
A look at the prize money distribution for the ATP Madrid Open 2023.
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Madrid Open 2023 (Image Credit: El Confidencial)
The Madrid Open is one of the most prestigious tennis tournaments played every year on a clay surface. It is held every year in the historical city of Madrid, Spain. It is a part of the ATP and WTA Tours. The event is a Masters 1000 tournament. It became an annual event in the tennis calendar of the ATP Tour in 2002. However, it opened its doors for women participants in 2009.
This competition is considered by many as one of the most competitive tennis tournaments in the world and a fertile ground for the preparation for the French Open which will be played soon. The tournament’s most successful winner and Spain’s greatest tennis professional Rafael Nadal will not be playing in the tournament this time around. He cited still-lingering fitness issues. Novak Djokovic too is not participating in this tournament this year.
Rafael Nadal has won this competition 5 times while Novak Djokovic has thrice. Hence, with the absence of both the legends from the competition, it can give the new and younger generation players an opportunity to win the tournament. There are some exciting players such as Carlos Alcaraz, Holger Rune, Casper Ruud, Daniil Medvedev, Andrey Rublev, Stefanos Tsitsipas, Alexander Zverev, and Taylor Fritz amongst others who will keep the level of competition high and try to win this title.
Petra Kvitova has won this competition three times in her career. She is the tournament’s most successful winner. Besides her Iga Swiatek, Ons Jabeur, Jessica Pegula, Coco Gauff, and Elena Rybakina, amongst others will keep the level of competition high and try to win the title.
The tournament is played on red clay surface each year. However, in 2012, blue clay was introduced which gave the competition a new character. But soon this idea was dropped and in 2013, the event reverted back to a red clay surface.
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Madrid Open 2023 Prize Money for men
The Madrid Open organizers have introduced some new concepts for this year’s event. This time the Madrid Open will feature a 96-player draw on the men’s side in singles. Hence, compared to women, men will receive more this year.
The total prize money that will be awarded to the players this year is €7,705,780 ($8,550,719) and the winner will receive a cheque worth €1,105,265 ($1,370,529) coupled with 1000 ranking points. This will be a significant increase of 6.12% compared to last year. Carlos Alcaraz is the defending champion.
The runner-up will take home a hefty cheque of €580,000 and also earn 600 ranking points. However, the increase in prize money is only 1.97%. Alexander Zverev played the final against the Spaniard last year. The prize money for doubles discipline is very important to note. The winning doubles pair will take home a whooping €382,420 ($419,486). They will also earn 1000 ranking points. The Anglo-Dutch pair of Neal Skupski and Wesley Koolhof won last year’s doubles title.
The finalist team on the other hand will receive €202,850 ($222,511) and 600 points. The all-Colombian pair of Juan Sebastian Cabal and Robert Farah played the final of the last year against the Anglo-Dutch pair.
A full breakdown of the prize money is available in the table provided for ATP singles.
| Round | Prize Money |
| Champion | $1,370,529 |
| Runner-Up | $719,200 |
| Semi-finalists | $382,900 |
| Quarter-finalists | $200,291 |
| Round of 16 | $105,276 |
| Round of 32 | $60,555 |
| Round of 64 | $33,536 |
| Round of 96 | $20,262 |
A full breakdown of the prize money is available in the table provided for ATP doubles.
| Round | Prize Money |
| Champion | $419,486 |
| Runner-Up | $222,511 |
| Semi-finalists | $118,676 |
| Quarter-finalists | $60,155 |
| Round of 16 | $32,140 |
| Round of 32 | $17,309 |
Madrid Open 2023 Prize Money for women
The Madrid Open will be equally exciting for the women. The women’s draw will invite some of the best female tennis players on the tour. However, unlike ATP, WTA has decided to continue the old tradition of 64-player draw in the singles.
The total prize money that will be awarded to the players this year is €6,575,803 ($7,296,840) and the winner will receive a cheque worth €1,105,265 ($1,370,529) coupled with 1000 ranking points. This will be a significant increase of 6.12% compared to last year. Ons Jabeur is the defending champion.
The runner-up will take home a hefty cheque of €580,000 and also earn 650 ranking points. However, the increase in prize money is only 1.97%. Jessica Pegula played the final against the Tunisian last year.
The prize money for doubles discipline is very important to note. The winning doubles pair will take home a whooping €382,420 ($419,486). They will also earn 1000 ranking points. The Canadian-Mexican pair of Gabriela Dabrowski and Giuliana Olmos are the defending champions.
The finalist team on the other hand will receive €202,850 ($222,511) and 650 ranking points. The American-Dutch pair of Desirae Kracwczyk and Demi Schuurs played the final of the last year against the Canadian-Mexican pair.
A full breakdown of the prize money is available in the table provided for WTA singles.
| Round | Prize Money |
| Champion | $1,370,529 |
| Runner-Up | $719,200 |
| Semi-finalists | $382,900 |
| Quarter-finalists | $200,291 |
| Round of 16 | $105,276 |
| Round of 32 | $60,555 |
| Round of 64 | $33,536 |
A full breakdown of the prize money is available in the table provided for WTA doubles.
| Round | Prize Money |
| Champion | $419,486 |
| Runner-Up | $222,511 |
| Semi-finalists | $118,676 |
| Quarter-finalists | $60,155 |
| Round of 16 | $32,140 |
| Round of 32 | $17,309 |
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Abhar Indorkar
(451 Articles Published)