It’s that time of year again when the Big Apple plays host to the violent grunts of the world’s best tennis players and boisterous cheers from less-than-muted spectators. And it seems only yesterday that Rafael Nadal and Serena Williams owned their opponents on the court, both snagging their second and fifth championship titles, respectively, at the 2013 US Open.
But aside from trophies, the two winners also bagged a record $3.6 million each, including the main draw prize of $2.6 million for singles and all their other cash winnings up to that point. This year, the total award money has reached a new high: $38.3 million — an increase of 11.7 percent from 2013 — just behind Wimbledon at $42.3 million.
There’s a bonus: The total prize could potentially exceed $40.8 million “as the top three finishers in the Emirates Airline US Open Series may earn up to an additional $2.6 million,” according to the US Open website. But players won’t be cashing in on their own at this year’s tournament. The dollar signs are expected to be even bigger all around — from ticket sales to hotel prices to the financial boost the tournament will give to the New York City metro area.
At this year's Sohn Investment Conference, Dan Sundheim, the founder and CIO of D1 Capital Partners, spoke with John Collison, the co-founder of Stripe. Q1 2021 hedge fund letters, conferences and more D1 manages $20 billion. Of this, $10 billion is invested in fast-growing private businesses such as Stripe. Stripe is currently valued at around Read More
Ahead of opening day on Aug. 25, WalletHub looked into the economics behind the final leg of the Grand Slam and the biggest tennis event in the United States. Check out the infographic below for a complete rundown of the US Open stats, financials and other interesting facts, followed by expert commentary to give tennis fans key insight on their favorite sport.
The Economic Impact of the 2014 US Open
Infographic source: WalletHub