Miami Open 2024: Prize Money Breakdown, Winner’s Pay-check, and More

Novak Djokovic and Rafael Nadal will be notable absentees from the second Masters 1000 of the year- the Miami Open. Still, the tournament will feature lots of big names, including Australian Open winner Jannik Sinner. Some of the top players in the world will vie for ranking points as well as a share of the prize money which will see an increase of 2.22% from 12 months ago.

The tournament will be played at the Hard Rock Stadium, where it has been held for the past six years having been moved from Key Biscane in 2o19. The players will compete for the championship and rewards from a total prize pool of $17.6 million. Let us take a look at the prize money breakdown and the winner’s payout and the schedule of the Miami Open

Prize money breakdown of the Miami Open

Apart from Sinner, the Miami Open will also see the men’s defending champion Daniil Medvedev, top seed Carlos Alcaraz, and Alexander Zverev among others. In the women’s bracket world no.1 Iga Swiatek will be present but defending champion Petra Kvitova won’t be available after announcing her pregnancy at the start of the year.

The tournament will offer a total prize pool of $17.6 million, matching the amount rewarded at Indian Wells. Both men’s and women’s events will carry equal prize money. The singles champions are set to take home a massive $1,100,000 amount for their victory, while the runners-up will stuff their pockets with half of that, which is $585,000 each. Here is the full prize money breakdown:

Breaking down the prize money further, singles receive the major share of the total prize pool at 80% with the remaining 20% reserved for the doubles players. The doubles-winning team will be splitting a total reward of $447,300 with the runner-ups taking $236,800 home. The doubles semi-finalists will bag $127,170 and the quarter-finalists will have $63,600 to their name.

Participation in Round 2 and Round 1 will see a pair pocket $34,100 and $18,640 respectively.

Both winners and runners-up will see a drop in their earnings compared to the previous year, with a 12.85% decrease for the champion and an 11.68% decrease for the runners-up. With the dip in the paychecks of the winners, the tournament organizers have shifted their attention to enhancing rewards for players in the earlier rounds.

This redistribution of prize money aims to support players across all stages of the tournament while ensuring a fair and rewarding experience for everyone. But apart from prize money, what else players can earn at the Miami Open?

What else is at stake at the Miami Open?

Players will also compete for the ranking points in the Miami Open. The winner will take 1000 ranking points followed by the runner-up grabbing 650 points.

When does the Miami Open start?

The qualifying rounds in the Miami Open will last from March 18-19. The main draw action will commence on March 20. The women’s singles final and men’s doubles final will be held on March 30. The men’s singles final and women’s doubles final will take place on March 31.

Where the Miami Open is being played?

The Miami Open is being played at the Hard Rock Stadium in Miami Gardens, a venue with a great history of hosting top-tier sporting events. Formerly played at the Tennis Center at Crandon Park in Key Biscayne, the tournament made a shift to the current venue in 2019.

This amazing facility has been serving as the home of the Miami Dolphins, a team with an impressive history in the NFL, studded with numerous division championships, AFC titles, playoff appearances, and Super Bowl victories. Beyond football, Hard Rock Stadium has also hosted prestigious events like the Super Bowl, the Orange Bowl, and college football’s National Championship Game, lifting its status as a high-end destination for sporting fans.

Even though Djokovic and Nadal will sit out the event for the second year running, the field is still brimming with talented big names who will hope to shine under the Miami sun.

As the whole tennis world is now ready to either take on the venue or turn their TV screens on, the tournament is all set to provide the expected levels of action and entertainment!

ALSO READ: Miami Open 2024: Why was Hard Rock Stadium Chosen as the Venue?