Le ATP Finals 2023 in Turin came to life with the first two matches played on Sunday between Jannik Sinner and Stefanos Tsitsipas (the blue won in two sets) and between Novak Djokovic against Holger Rune (victory of the world no.1). A highly anticipated event for Italy, for Piedmont, but also for international tennis as it represents the final tournament of the season in which the 8 tennis players who have achieved the best results from January to today will compete. But the ATP Finals in Turin are also the richest tennis tournament ever with a mind-boggling total prize pool: 15 million dollars. However, it is not just the tennis players and the ATP, the Association of Tennis Professionals which brings together professional men's tennis players from all over the world, who benefit. In fact, from 2021 to today, the Finals recorded record numbers, with an overall impact for Turin which, according to the calculations of Sun 24 Hours reaches 450 million euros in the three-year period.
But how much do the participants and the winner of the 2023 ATP Finals earn? And what is the impact on Turin? Let's review all the numbers of the event.
ATP Finals 2023 in Turin: induced by 450 million in three years for Turin
In April 2019, Turin was chosen as the venue for the Nitto ATP Finals from 2021 to 2025. The first year was undoubtedly the most difficult. In fact, the debut took place in the middle of the pandemic, with all the consequent restrictions. But, despite everything, if you look at the three-year period the figures are staggering. And this is also why Federtennis is already working for lengthen the agreement in addition to the deadline set for 2025.
But let's get to the numbers: for this year's edition, thanks also to the euphoria deriving from the participation of the Italian Sinner, sales were 166 thousand tickets. This is a sold out event which brings the ticket revenue over the three-year period to a level 50 million euros.
In this context, an important percentage must be taken into consideration: 40% of tickets were sold abroad, which means that those arriving will have to spend money on accommodation, food and various services. According to estimates, the economic impact on Turin of the 2023 ATP Finals amounts to 230 million of Euro. Not only that, the organization of the tournament generated tax revenue of 50 million and contributed to the creation of 1.500 jobs.
According to Ernst&Young estimates cited by Sun 24 Hours, in 2021 the economic impact of the event was 116 million and in 2022 it rose to 140 million. By adding the results of the three editions, the ATP Finals determined direct and indirect economic benefits for Turin of over 450 million. The figure, among other things, does not include revenues deriving from TV and commercial agreements, collected by the ATP.
How much is it worth to participate in the 2023 ATP Finals in Turin?
As said, the total prize pool is 15 million of dollars that the 8 participants divide based on the number of victories. Obviously, the biggest share goes to the winner. But let's go step by step.
All 8 participants in the event receive a minimum prize equal to $325.500 provided that they take part in all 3 matches of the round robin (the reserves instead get a minimum of 152.500 if they never take the field). They add us to this figure 390 thousand dollars for each victory conquered. Sinner and Djokovic, for example, already have over 715 thousand dollars in the safe. If you get 3 wins out of 3 in the group stage you get to $1.495.500.
But let's get to the richest spoils: the two winners of the semifinals are rewarded with a prize pool of 1.105.000 dollars, for the final victory instead rises to 2.201.000 dollars. If the tennis player who wins the ATP Finals manages to remain undefeated for the entire tournament, he can therefore reach a total of $4.801.500.
Lower the figures of the men's doubles ATP Finals. The participation prize is 132.000 dollars (50.850 dollars for reserves), plus 95 thousand for each victory in the group. winning in the semi-final is worth 175.650 dollars while the final victory is worth double that or 351.000 dollars. This ensures undefeated winners a total award of $943.650.
How much did Jannik Sinner earn in 2023
Jannik Sinner therefore has a double challenge ahead of him. By winning, not only would he crown a record season, but he would also become the first Italian tennis player in history to achieve more than one victory at the ATP Finals.
In 2023, in fact, the Italian champion achieved enormous results: four ATP tournaments, the semi-final at Wimbledon and fourth place in the ATP rankings, collecting overall prizes for 5,74 million dollars. Both sportingly and economically, the 2023 ATP Finals could therefore represent for Sinner the best culmination of a season to remember.
