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WTA 500 tournaments is a category of tennis tournaments in the Women's Tennis Association tour, implemented since the reorganization of the schedule in 2021.[1][2]
At their introduction in 2021, WTA 500 tournaments' prize money was approximately $500,000. Since then, prize money awarded by WTA 500 events has grown less uniform, with one tournament's prize money rising to as much as $1.7 million.
The ranking points awarded to the winners of these tournaments are 500. This compares to 2,000 points for winning a Grand Slam tournament ("major"), up to 1,500 points for winning the WTA Finals, 1000 points for winning a WTA 1000 tournament, and 250 for winning a WTA 250 tournament.[3]