U.S. Open prize money rises to record $57.5M

FILE PHOTO: Sep 13, 2020; Flushing Meadows, New York, USA; General view of Arthur Ashe Stadium at USTA Billie Jean King National Tennis Center. Mandatory Credit: Robert Deutsch-USA TODAY Sports/File Photo

Players at the 2021 U.S. Open will compete for a record $57.5 million in prize money and compensation when the tournament begins Monday.

The USTA, ATP and WTA agreed to the prize structure, which actually decreases the winnings of the men's and women's singles champions from $3 million to $2.5 million and the runners-up to $1.25 million.