French Open increases prize money to $48 million

Singles winners to receive $2.7 million each

The French Open will increase the total prize money for the 2018 tournament by around 8 percent, with the men's and women's winners getting $2.7 million each.

In announcing the increase, Roland Garros director Guy Forget said the tournament's total prize money will climb to $48 million.

That increase moves the Paris tournament, which is set for May 27-June 10 this year, back to second place among the four Grand Slams, behind only the US Open, which awarded $50.4 million total in 2017, including $3.7 million for each singles winner.

In December, the Australian Open raised its prize money for the January 2018 tournament by 10 percent to a total of $42.7 million, including $3.2 million for the singles winners.

Wimbledon awarded $40.79 million in prize money last year, with the men's and women's winners getting around $2.9 million.

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