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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 had 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.
In June, the men's governing body said players and tournaments
will share profits 50-50 from 2023 as part of its OneVision plan
- primarily aimed at boosting revenue from media and television
rights.
On Thursday it said "a revised bonus pool structure introduced
through OneVision, ATP's strategic plan, is set to deliver bonus
pools of $21.3 million in 2023, a $9.8 million increase on 2022,
to an expanded group of top-performing players".
The ATP had also announced that its flagship Masters 1000
tournaments in Madrid, Rome and Shanghai will be held over 12
days and with bigger draw sizes from 2023.
"Our players are world-class athletes and it's our priority to
ensure they're compensated accordingly," ATP Chairman Andrea
Gaudenzi said in the statement.
"These record increases in 2023 are a strong statement for the
ATP Tour and highlights our commitment to raising the bar in
tennis."
The 2023 international tennis season will begin on Dec. 29 with
the inaugural edition of the United Cup - a new mixed-sex $15
million tournament featuring teams from 18 nations playing
matches across three Australian cities.
(Reporting by Aadi Nair in Bengaluru and Sudipto Ganguly in
Mumbai; Editing by Emelia Sithole-Matarise)
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