The best eight female tennis players in the world descend on Mexico for the curtain call event of the WTA Tour season.
The group stage of the WTA Finals got under way on Sunday, October 29 and will feature a round robin format, with the tournament finishing on Sunday, November 5. Two singles matches are played each day, with the semifinals being played on Saturday, November 4 and the final the following day.
But what about the winner of the event and the total prize pot at stake?
The Sporting News explores how much prize money the winner will get, and the amounts all the other players will take home.
MORE: Where to watch WTA Finals 2023: TV, stream and qualified players for tournament
WTA Finals: How much prize money does the winner earn?
Players are awarded a base amount for playing in each match, with bonuses on offer if they win. The maximum a player can earn is $3.024m if they go undefeated at the WTA Finals en route to wining the singles title.
In terms of the rest of the singles, players get a $198,000 participation fee, plus $198,000 for each win in the round robin stage. Players will net an extra $54,000 for getting to the semifinals – where a victory in itself will earn an additional $756,000. A sum of $1.476m is on offer for the player who wins the singles title.
In the doubles, each player gets a $90,000 participation fee, plus $36,000 for each round-robin win. If a doubles pair (or team) reaches the semifinals, they will get an extra $9,000 between them. Then it's $144,000 more for winning a semifinal and another $306,000 if they triumph in the final.
WTA Finals 2023: Total prize fund
The total prize pool at the WTA Finals is a whopping $9m, to be shared between the various singles and doubles players. So the event is a lucrative one, with those singles and doubles amounts above seriously stacking up for the successful players.
WTA Finals 2023 qualified singles players
The tournament also includes a doubles event, but the singles are the headline matches, with serial winner Iga Swiatek and recent US Open champion Coco Gauff among the favourites after both made strong starts to the tournament.
Here are the eight singles players who have qualified in 2023:
- Aryna Sabalenka
- Iga Swiatek
- Coco Gauff
- Elena Rybakina
- Jessica Pegula
- Ons Jabeur
- Marketa Vondrousova
- Maria Sakkara
Karolina Muchova withdrew from the tournament with a continuing wrist injury. As the first alternate, Maria Sakkari moved into the field.