The overall pot has increased 10 per cent to over €39m, with the rise seeing winners, finalists and semi-finalists take around five per cent more than they did last year.
There is a bigger increase in prize money for those who fall by the wayside earlier in the tournament, as quarter-finalists now earn €380,000 and beaten first-round entrants €40,000.
Among the other announcements was confirmation that the draw will take place on May 24 at 7pm local time.
Rafael Nadal and Jelena Ostapenko were the singles winners in 2017.
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