As the tennis season comes close to an end, the youngsters on the men’s tour are gearing up for the ATP Next Gen Finals 2021. The event is going to be held in Milan and 2021 will be its fourth edition after it was initiated in 2017 (2020 version was cancelled due to the pandemic). There will be a lot of bright young talent on display in the competition and players have been categorized into two groups. In Group A, we have the upcoming stars; Carlos Alcaraz [https://www.essentiallysports.com/tag/carlos-alcaraz-garfia/], Brandon Nakashima, Juan Manuel Cerundolo, and Holger Rune. In Group B, we have Sebastian Korda, Lorenzo Musetti, Sebastian Baez, and Hugo Gaston. Read more: “My Body Is Old Now”: Andy Murray Makes Honest Admission After Record-Breaking Battle Against Frances Tiafoe [https://www.essentiallysports.com/atp-tennis-news-my-body-is-old-now-andy-murray-makes-honest-admission-after-record-breaking-battle-against-frances-tiafoe/] DISTRIBUTION OF PRIZE MONEY AT ATP GEN NEXT FINALS 2021 As the groups are set [https://www.nextgenatpfinals.com/en/event/prize-money#], let us take a look at how the prize money for the ATP Next Gen Finals 2021 will be distributed. The ATP Gen Next Gen Finals 2021 in Milan will have total prize money of $1,300,000. The list is below: Prize Money Alternate $12,000 Participation Fee $80,000 Round-robin match win $23,000 Semi-final match win $109,000 Final win $142,000 Undefeated champion $400,000 The Participation Fee Schedule 1 Match: $26,660 2 Matches: $53,320 3 Matches: $80,000 Coming back to the tournament, it will be exciting to see Alcaraz who has grabbed headlines throughout the season. He registered his headline moment when the Spaniard beat Stefanos Tsitsipas at the US Open [https://www.essentiallysports.com/category/tennis/us-open/] 2021. In the following group, players like Korda and Musetti will be worth keeping an eye on too. Players like Nakashima and Gaston are also promising prospects for the future. Lorenzo Musetti [https://image-cdn.essentiallysports.com/wp-content/uploads/2021-06-07T124749Z_1851159688_UP1EH670ZJNI7_RTRMADP_3_TENNIS-FRENCHOPEN.jpg]Tennis – French Open – Roland Garros, Paris, France – June 7, 2021 Italy’s Lorenzo Musetti in action during his fourth round match against Serbia’s Novak Djokovic REUTERS/Christian Hartmann The event is scheduled to take place from the 9th of November and will end on the 13th of November. The winner of the event will end the season on a high note. In the past, players like Sinner [https://www.essentiallysports.com/tag/jannik-sinner/] and Tsitsipas [https://www.essentiallysports.com/tag/stefanos-tsitsipas/] have won this event. We wish the best of luck to all competitors competing in this tournament and may the better player win. [https://www.essentiallysports.com/stories/tennis-news-the-journey-of-roger-federer-to-the-elite-billionaires-club/] 

As the ATP Next Gen Finals 2021 is soon about to begin, we take a look at the
prize money that will be awarded to the players.

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<span data-preserver-spaces="true">The Next Generation ATP Finals (also known as the Next Gen ATP Finals) is an annual men's professional exhibition tennis tournament held by the Association of Tennis Professionals (ATP) for the season's best 21-and-under players. The event first took place in 2017 at the PalaLido in Milan and has now been moved to Jeddah, Saudi Arabia.</span>

<img class="aligncenter wp-image-2235879 size-full" src="https://image-cdn.essentiallysports.com/wp-content/uploads/ATP-Next-Gen-finals.png" alt="" width="897" height="626" />

<span data-preserver-spaces="true">Following a competitive proposal procedure, the Association of Tennis Professionals (ATP) announced that the Italian Tennis Federation, in collaboration with the Italian Olympic Committee, will host a new ATP tournament featuring the world's top 21-and-under singles players throughout the ATP Tour season.</span>
<h2><strong><span data-preserver-spaces="true">How to qualify for the Next Gen ATP Finals?</span></strong></h2>
<span data-preserver-spaces="true">The Top 7 players in the Pepperstone ATP Race to Jeddah will qualify. The eighth spot will be reserved for a wild card, who will be the winner of a qualifying tournament. All players in the rankings must be 21 and under in order to be eligible for the tournament. The rankings depend on the points gathered by the players throughout the year. But unlike the ATP Finals, a player in the Next Gen rankings doesn't need to play in any specific tournaments.  </span>
<h2><b>Next Gen ATP Finals prize money</b></h2>
<table>
<tbody>
<tr>
<td><b>Stage</b></td>
<td><b>Prize Money</b></td>
</tr>
<tr>
<td><span style="font-weight: 400">Alternate</span></td>
<td><span style="font-weight: 400">$15,000 </span></td>
</tr>
<tr>
<td><span style="font-weight: 400">Participation Fee</span></td>
<td><span style="font-weight: 400">$150,000</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">Round-Robin Match Win</span></td>
<td><span style="font-weight: 400">$32,500</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">Semi-Final Win </span></td>
<td><span style="font-weight: 400">$113,500</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">Final Win</span></td>
<td><span style="font-weight: 400">$153,000</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">Undefeated Champion</span></td>
<td><span style="font-weight: 400">$514,500</span></td>
</tr>
</tbody>
</table>
<h3><strong>Prize money history</strong></h3>
<table>
<tbody>
<tr>
<td><b>Year</b></td>
<td><b>Prize Money</b></td>
<td><b>% Change</b></td>
</tr>
<tr>
<td>2023</td>
<td>$2,000,000</td>
<td><span style="font-weight: 400">≈ 30%</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2022</span></td>
<td><span style="font-weight: 400">$1,400,000</span></td>
<td><span style="font-weight: 400">7.69%</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2021</span></td>
<td><span style="font-weight: 400">$1,300,000</span></td>
<td><span style="font-weight: 400">-7.14%</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2020</span></td>
<td><span style="font-weight: 400">Cancelled</span></td>
<td><span style="font-weight: 400"> </span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2019</span></td>
<td><span style="font-weight: 400">$1,400,000</span></td>
<td><span style="font-weight: 400">4.87%</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2018</span></td>
<td><span style="font-weight: 400">$1,335,000</span></td>
<td><span style="font-weight: 400">4.49%</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2017</span></td>
<td><span style="font-weight: 400">$1,275,000</span></td>
<td><span style="font-weight: 400"> </span></td>
</tr>
</tbody>
</table>
<h2><b>Next Gen ATP Finals format</b></h2>
The competition is played over five days, with two round-robin groups followed by the semifinals and final. It is held on a singles-only court and is played by eight players in total. The matches are not played in the traditional ATP format. They are contested in a best-of-five sets, with the winner being the first to four games in each set. There is no Ad scoring in the matches. Therefore, the first to four points wins regardless of the score of 40-40.

[caption id="attachment_1461545" align="aligncenter" width="1920"]<img class="size-full wp-image-1461545" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2023-01-15T015207Z_1826953826_UP1EJ1F056U2X_RTRMADP_3_TENNIS-AUSOPEN.jpg" alt="Ben Shelton" width="1920" height="1286" /> Tennis - Australian Open - Melbourne Park, Melbourne, Australia - January 15, 2023 Ben Shelton of the U.S. during a practice session REUTERS/Loren Elliott[/caption]

The top-seeded player is placed in Group A, while the second-seeded player is assigned to Group B. Players seeded 3 and 4, 5 and 6, 7 and 8, are then drawn in pairs, with the first drawn placed in Group A. For the semifinal, players who are in the top two in their group advance and get a chance to become the next-gen star.

<strong>Read More - </strong><a href="https://www.essentiallysports.com/atp-tennis-news-atps-two-million-dollars-move-signals-dawn-of-a-new-era-as-tennis-young-guns-set-their-sights-on-winning-big-in-unfamiliar-territory/" target="_blank" rel="noopener">ATP’s $2,000,000 Move Signals Dawn of a New Era as Tennis’ Young Guns Set their Sights on Winning Big in Unfamiliar Territory</a>
<h2><b>Next Gen ATP Finals winners list </b></h2>
<table style="height: 373px" width="554">
<tbody>
<tr>
<td><span style="font-weight: 400">2017</span></td>
<td><span style="font-weight: 400">Chung Hyeon</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2018</span></td>
<td><a href="https://www.essentiallysports.com/tag/stefanos-tsitsipas/" target="_blank" rel="noopener"><span style="font-weight: 400">Stefanos Tsitsipas</span></a></td>
</tr>
<tr>
<td><span style="font-weight: 400">2019</span></td>
<td><a href="https://www.essentiallysports.com/tag/jannik-sinner/" target="_blank" rel="noopener"><span style="font-weight: 400"> Jannik Sinner</span></a></td>
</tr>
<tr>
<td><span style="font-weight: 400">2020</span></td>
<td><i><span style="font-weight: 400">No competition due to the COVID-19 pandemic</span></i></td>
</tr>
<tr>
<td><span style="font-weight: 400">2021</span></td>
<td><span style="font-weight: 400"> Carlos Alcaraz</span></td>
</tr>
<tr>
<td><span style="font-weight: 400">2022</span></td>
<td><span style="font-weight: 400">Brandon Nakashima</span></td>
</tr>
</tbody>
</table>
<h2><b>Where is the Next Gen ATP Finals held?</b></h2>
<span data-preserver-spaces="true">Since its conception in 2017 to 2022, the Next Gen ATP Finals venue has been Milan, Italy. The ATP Tour has decided that a change is needed, and they will be moving the tournament to Jeddah, Saudi Arabia, making it the first tournament of its caliber in Saudi Arabia. When it was held in Milan, the rankings were dubbed ATP Live Race to Milan. Now, they have been renamed to ATP Live Race to Jeddah.</span>
<h2><strong><span data-preserver-spaces="true">Which players will partake in the 2023 Next Gen ATP Finals?</span></strong></h2>
<span data-preserver-spaces="true">The Next Gen finals players have not been declared by the ATP yet. <a href="https://www.nextgenatpfinals.com/en" target="_blank" rel="noopener">The top seven players</a> in the Next Gen rankings are <a href="https://www.essentiallysports.com/tag/carlos-alcaraz-garfia/" target="_blank" rel="noopener">Carlos Alcaraz</a>, Holger Rune, <a href="https://www.essentiallysports.com/tag/ben-shelton/" target="_blank" rel="noopener">Ben Shelton</a>, Lorenzo Musetti, Arthur Fils, Luca Van Assche and Dominic Stricker. Since Alcaraz withdrew from the Next Gen finals in 2022 and has to play in the ATP Finals, it is likely that he will withdraw from the tournament this year.</span>

[caption id="attachment_669491" align="aligncenter" width="1920"]<img class="size-full wp-image-669491" src="https://image-cdn.essentiallysports.com/wp-content/uploads/2021-06-07T124749Z_1851159688_UP1EH670ZJNI7_RTRMADP_3_TENNIS-FRENCHOPEN.jpg" alt="Lorenzo Musetti" width="1920" height="1313" /> Tennis - French Open - Roland Garros, Paris, France - June 7, 2021 Italy's Lorenzo Musetti in action during his fourth round match against Serbia's Novak Djokovic REUTERS/Christian Hartmann[/caption]

<span data-preserver-spaces="true">Ben Shelton has experienced a sudden rise in his performance and is bound to be big in the Next Gen finals if he competes. Holger Rune also withdrew from the 2022 Next Gen finals and is likely to play in the ATP Finals, and is expected to withdraw this year as well.  </span>
<h2><strong><span data-preserver-spaces="true">How to watch the Next Gen ATP Finals 2023?</span></strong></h2>
<span data-preserver-spaces="true">Fans interested in watching the tournament can watch it either live in the stadium or through TV Channels or streaming services if they are on the move. One can buy the tickets from the official website of the Next Gen ATP Finals. In the official website, fans can click on the 'menu' option and click on the 'tickets' option for further information.</span>

<strong>Watch This Story - <a class="jsx-2b55705d932ea6e9" href="https://www.essentiallysports.com/stories/wta-tennis-news-video-pizza-lover-roger-federer-tries-his-hand-at-making-the-legendary-italian-staple-in-new-york/">Video: Pizza Lover Roger Federer Tries His Hand At Making The Legendary Italian Staple At New York</a></strong>

Next Gen ATP Finals

The Next Generation ATP Finals (also known as the Next Gen ATP Finals) is an annual men&#8217;s professional exhibition tennis tournament held by the Association of Tennis Professionals (ATP) for the season&#8217;s best 21-and-under players. The event first took place in 2017 at the PalaLido in Milan and has now been moved to Jeddah, Saudi Arabia. Following a competitive proposal procedure, the Association of Tennis Professionals (ATP) announced that the Italian Tennis Federation, in collaboration with the Italian Olympic Committee, will host a new ATP tournament featuring the world&#8217;s top 21-and-under singles players throughout the ATP Tour season. How to qualify for the Next Gen ATP Finals? The Top 7 players in the Pepperstone ATP Race to Jeddah will qualify. The eighth spot will be reserved for a wild card, who will be the winner of a qualifying tournament. All players in the rankings must be 21 and under in order to be eligible for the tournament. The rankings depend on the points gathered by the players throughout the year. But unlike the ATP Finals, a player in the Next Gen rankings doesn&#8217;t need to play in any specific tournaments.   Next Gen ATP Finals prize money  Stage Prize Money  Alternate $15,000   Participation Fee $150,000  Round-Robin Match Win $32,500  Semi-Final Win  $113,500  Final Win $153,000  Undefeated Champion $514,500  Prize money history  Year Prize Money % Change  2023 $2,000,000 ≈ 30%  2022 $1,400,000 7.69%  2021 $1,300,000 -7.14%  2020 Cancelled    2019 $1,400,000 4.87%  2018 $1,335,000 4.49%  2017 $1,275,000    Next Gen ATP Finals format The competition is played over five days, with two round-robin groups followed by the semifinals and final. It is held on a singles-only court and is played by eight players in total. The matches are not played in the traditional ATP format. They are contested in a best-of-five sets, with the winner being the first to four games in each set. There is no Ad scoring in the matches. Therefore, the first to four points wins regardless of the score of 40-40. Tennis &#8211; Australian Open &#8211; Melbourne Park, Melbourne, Australia &#8211; January 15, 2023 Ben Shelton of the U.S. during a practice session REUTERS/Loren Elliott The top-seeded player is placed in Group A, while the second-seeded player is assigned to Group B. Players seeded 3 and 4, 5 and 6, 7 and 8, are then drawn in pairs, with the first drawn placed in Group A. For the semifinal, players who are in the top two in their group advance and get a chance to become the next-gen star. Read More &#8211; ATP’s $2,000,000 Move Signals Dawn of a New Era as Tennis’ Young Guns Set their Sights on Winning Big in Unfamiliar Territory Next Gen ATP Finals winners list   2017 Chung Hyeon  2018 Stefanos Tsitsipas  2019 Jannik Sinner  2020 No competition due to the COVID-19 pandemic  2021 Carlos Alcaraz  2022 Brandon Nakashima  Where is the Next Gen ATP Finals held? Since its conception in 2017 to 2022, the Next Gen ATP Finals venue has been Milan, Italy. The ATP Tour has decided that a change is needed, and they will be moving the tournament to Jeddah, Saudi Arabia, making it the first tournament of its caliber in Saudi Arabia. When it was held in Milan, the rankings were dubbed ATP Live Race to Milan. Now, they have been renamed to ATP Live Race to Jeddah. Which players will partake in the 2023 Next Gen ATP Finals? The Next Gen finals players have not been declared by the ATP yet. The top seven players in the Next Gen rankings are Carlos Alcaraz, Holger Rune, Ben Shelton, Lorenzo Musetti, Arthur Fils, Luca Van Assche and Dominic Stricker. Since Alcaraz withdrew from the Next Gen finals in 2022 and has to play in the ATP Finals, it is likely that he will withdraw from the tournament this year. Tennis &#8211; French Open &#8211; Roland Garros, Paris, France &#8211; June 7, 2021 Italy&#8217;s Lorenzo Musetti in action during his fourth round match against Serbia&#8217;s Novak Djokovic REUTERS/Christian Hartmann Ben Shelton has experienced a sudden rise in his performance and is bound to be big in the Next Gen finals if he competes. Holger Rune also withdrew from the 2022 Next Gen finals and is likely to play in the ATP Finals, and is expected to withdraw this year as well.   How to watch the Next Gen ATP Finals 2023? Fans interested in watching the tournament can watch it either live in the stadium or through TV Channels or streaming services if they are on the move. One can buy the tickets from the official website of the Next Gen ATP Finals. In the official website, fans can click on the &#8216;menu&#8217; option and click on the &#8216;tickets&#8217; option for further information. Watch This Story &#8211; Video: Pizza Lover Roger Federer Tries His Hand At Making The Legendary Italian Staple At New York

Alternate	$12,000
Participation Fee	$80,000
Round-robin match win	$23,000
Semi-final match win	$109,000
Final win	$142,000
Undefeated champion	$400,000

ATP Next Gen Finals 2021: Complete Breakdown of the Prize Money From Winner To Last-Place

Distribution of prize money at ATP Gen Next Finals 2021