ATP annual prize money increasing

ATP chiefs on Friday revealed overall prize money for the men’s tennis tour will exceed $US100 million ($A108 million)for the first time in 2015.

Players on the World Tour will also see the prize money pool reach $US135 million ($A146 million) by 2018 as the ATP reaps the rewards of the sport’s huge global appeal to sponsors and fans.

“The increases at ATP events are a testament to the sustained success of men’s professional tennis, as well as demonstrating the ATP’s confidence in the strength of its product and projected growth in future years,” an ATP statement read.

The biggest increases come at the ATP World Tour Masters 1000 category — the events regarded as second only to the four Grand Slams in terms of prestige, with tournaments providing annual increases of 11 percent, and with the ATP contributing a further 3 per cent increase, resulting in a 14 per cent annual increase in that category through to 2018.

Player compensation at the less glamourous ATP World Tour 250 events is set to increase at an average of 3.5 per cent, per year during the same period.

Stay up to date with the latest sports news
Follow our social accounts to get exclusive content and all the latest sporting news!