US Open making it rain as prize-money reaches new highs

The 2017 US Open singles winners will each receive a record US$ 3.7 million as the tournament increases its prize money.

The Flushing Meadows grand slam has now become the richest event on the calendar, paying out over US$ 50 million in prize money, an overall annual increase of over eight percent.

"Five years ago, we committed to the players that total player compensation for players would reach $50 million at the US Open, and we are honoring that commitment," said USTA President Katrina Adams.

Even making the draw is a high paying event, with first round losers set to pocket US$ 50 000.

The 2017 US Open begins on 28 August in New York.