On October 1, 2023, the Women’s Tennis Association (WTA) announced that starting in 2027, all combined WTA 1000 tournaments will offer equal prize money to male and female players. This significant move aligns with the WTA's ongoing efforts toward achieving gender parity in prize money since its formation in 1973.

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The WTA also revealed its 2027 calendar, which will include 55 events across 26 countries and territories, culminating in the WTA Finals in Charlotte, North Carolina. Notably, this schedule introduces a new WTA 250 tournament while reducing the number of mandatory events for top players.

WTA Chair Valerie Camillo described the equal pay initiative as a 'major milestone for tennis.' With this change, events such as the Italian Open, Cincinnati Open, and Canadian Open will join others in awarding equal compensation at joint WTA and ATP Masters 1000 tournaments, fulfilling a pledge made by the WTA in 2023.

Billie Jean King has long advocated for equal pay, drawing attention to the stark differences in prize money in the past. For example, in 1970, she earned just $600 for winning the Italian Open, while Ilie Nastase, the men's champion, received $3,500. The 2027 initiative marks a significant step in addressing these disparities.