ATP announces record prize money increase for 2023
18 November 2022
Men's tennis governing body ATP on Thursday announced a record increase of $37.5 million in prize money to $217.9 million for the 2023 season. The overall prize money pot was for both the ATP and Challenger Tours, with ATP Tour players collectively taking home an additional $18.6 million of on-site prize money from next year, the ATP said in a statement. Earlier this year, the ATP announced that purses on the Challenger Tour would receive a significant boost. "The record increase also includes a significant uplift on the ATP Challenger Tour, which will see on-site prize money grow by 75%, from $12.1 million to $21.1 million," the ATP said.