A US Open title has long been one of the most coveted trophies in sports. In 2016, it will come with a very handsome reward.

The total prize-money compensation for the 2016 US Open will be $46.3 million, making it the richest purse in tennis history. Of that total, a record $3.5 will go to both the men’s and women's singles champions.

This year’s total prize money is up $4 million, or 10 percent, over 2015. That includes a 10.5 percent increase for doubles, with the men’s and women’s doubles champions earning $625,000. That is also the highest payout in US Open history.

Prize money for the US Open Qualifying Tournament is also up 10 percent, to $1.9 million.

“We are proud that this year’s US Open will offer the richest purse in tennis history,” said USTA President and US Open Chairwoman Katrina Adams. “We continue to invest in all aspects of this world-class event to provide the best services and experiences for the players, our fans and all of the US Open partners.”

The 2016 US Open will feature a number of new features throughout the grounds, including the completed roof over Arthur Ashe Stadium, a new Grandstand in the southwest corner of the campus and expanded pedestrian walkways in the fully renovated South Plaza.

2016 US Open Prize Money

Winner: $3,500,000                            
Runner-Up: $1,750,000                            
Semifinalist: $875,000                            
Quarterfinalist: $450,000                            
Round of 16: $235,000                            
Round of 32: $140,000                            
Round of 64: $77,200                            
Round of 128: $43,300

Doubles (each team)
Winners: $625,000
Runners-Up: $310,000
Semifinalist: $150,000
Quarterfinalist: $75,000
Round of 16: $40,000
Round of 32: $24,500
Round of 64: $15,150