Prize money for men and women at the US Open will top more than $60 million for the first time, the USTA announced on Thursday.

With input from the ATP and WTA Player Councils, the organisation increased prize money in the earlier rounds and for the qualifying event.

Players who lose in the first round of the main draw will earn $80,000, an increase of 85 per cent since 2016. The US Open qualifying event will award $6.26 million in prize money, which is up 223 per cent from 2016. Final-round qualifying competitors will earn $44,000.

The men’s and women’s singles champions will each receive $2,600,000 for lifting the trophy and the finalists will be awarded $1,300,000.

The 2022 US Open will be played from 29 August through 11 September. Qualifying begins on 23 August.

Main Draw Singles

Champion	$2,600,000
Finalist	$1,300,000
Semi-finalist	$705,000
Quarter-finalist	$445,000
Fourth Round	$278,000
Third Round	$188,000
Second Round	$121,000
First Round	$80,000

Main Draw Doubles (per team)

Champions	$688,000
Finalists	$344,000
Semi-finalists	$172,000
Quarter-finalists	$97,500
Third Round	$56,400
Second Round	$35,800
First Round	$21,300