Miami Open top prize slashed from $1.35 million to $300,110 due to COVID-19

MIAMI — Like just about every business across the world, professional tennis has taken a major financial hit during the pandemic. The sport relies heavily on ticket revenue and on-site food and retail sales, and most tournaments have had either no fans or very limited fans. As a result, prize money has been drastically reduced. The prize money for the Miami Open winners this year is $300,110, which is 78% less than the $1.35 million that Roger Federer and Ashleigh Barty took home in 2019. “It’s not what we’ve been accustomed to, but at the same time we know that tournaments in the past year do…

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