Wednesday, September 4, 2019

How Much Money Did the US Open Grand Slam Tennis Tournament Generate in 2019?

Do you have any idea how much money the US Open Grand Slam tennis tournament generated in 2019? If you have ever wondered the answer to that question, you have come to the right place, as this article will give you that answer and break down all the ways the tournament gets its massive revenues.

The US Open is one of the four major Grand Slam tennis events played annually and it generates the most money of the four. The other three events are the Australian Open, the French Open and Wimbledon.
The Australian Open generates the second most amount of money annually, and it's estimated the event took in $320 million in 2019. Wimbledon generated some $300 million this year, and it's believed the French Open took in some $280 million in 2019.
Tennis is huge in the United States and around the world, and the sport generates an incredible amount of revenue annually. But the US Open is the biggest money event of the year and generates the most annual revenue.
As stated above, the US Open takes in the most money of the four Grand Slam events, but how much revenue did it take in in 2019?
  • $370 million
It's estimated that the US Open Grand Slam tennis tournament will have overall revenues of $370 million in 2019. That is a record for the US Open and a record for the most money ever generated by a Grand Slam tennis event, or any tennis event, of all time.
Here is a breakdown of how the US Open generated a record $370 million in 2019.

Ticket Sales - $140 million

The US Open takes places in New York and it is one of the hottest tickets for fans to attend every year, and 2019 is no exception. New Yorkers love tennis and are willing to shell out big bucks to watch.
In 2018, a record 828,798 people attended the US Open and spent an average of $144 per person.
In 2019, ticket sales have gone through the roof, and it's expected that 850,000 people will attend and pay an average of $165 per person. That will generate $140 million.

Broadcasting - $120 million

The US Open gets paid some $120 million a year for its broadcasting rights. That includes domestic and international rights. ESPN holds the rights to broadcast the US Open in the United States, and Amazon holds the international rights in the UK and Ireland.

Sponsorships - $70 million

The US Open will take in some $70 million this year from sponsorships. The major sponsors are all huge, well known names like American Express, JP Morgan Chase, Emirates, IBM, Ralph Lauren, Deloitte, Rolex, Spectrum, Westin and Mercedes-Benz.

Concessions and Merchandise Sales - $40 million

You can buy an incredible amount of merchandise at the US Open in 2019. That includes tennis balls, bags, towels, hats, blankets, key rings, drinking glasses, posters, coins, bottle openers, umbrellas, pins, shot glasses, water bottles, tennis ball shaped refrigerator magnets, official programs and even the official USTA handbook.
You can also buy all kinds of US Open apparel like t-shirts, sweatshirts, tank tops, Under Armour workout clothes, jackets and polo shirts.
Add all of that revenue up and you end up with an incredible $370 million in total revenue for the US Open Grand Slam tennis tournament in 2019.
Due to all the revenue generated, the US Open offers the highest amount of prize money for any tennis tournament in the world in 2019. A grand total of $57.24 million will be paid out to the players competing in the 2019 US Open Grand Slam tennis tournament.
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