Everything you need to know about Australian Open tennis prize money – from how much the singles winners get to the insane amount first-round losers walk away with
- The prize money at the Australian Open has increased this year
- A whopping $86.5 million is waiting for world-class players
- The men’s and women’s singles winners will earn $3.15 million
- The ‘losers’ from the first round of the main tournament will take home $120,000
Global tennis stars at the 2024 Australian Open will be laughing all the way to the bank given the huge prize money on offer.
Novak Djokovic will be aiming to win his 25th career Grand Slam – and, incredibly, his 11th title at Melbourne Park when the tournament starts on Sunday.
If the Serbian, 36, lifts the trophy on January 28, he will also be rewarded financially, with the men’s singles winner receiving a whopping $3.15 million.
The same astonishing prize money applies to the women’s singles, with Poland’s Iga Swiatek being the favorite in many people’s eyes.
Whoever finishes second will win $1.725 million.
If Novak Djokovic wins the Australian Open, he will also be rewarded financially, with the winner receiving a whopping $3.15 million.
Alex de Minaur threatens to become Australia’s best hope: World number 10 will earn $600,000 if he can advance to the men’s quarter-finals
Those who have to pack early don’t exactly have to dip into their savings to make ends meet; first-round losers in men’s and women’s singles will receive $120,000, a 13 percent increase over last year’s revenue.
Semi-finalists earn $990,000, with the Australian Open prize money having more than quadrupled since 2005, when it was $19.1 million.
Doubles players are set to take home $36,000 even if they lose in the first round – with the title winners taking home $730,000 and the runners-up $400,000 per duo.
In mixed doubles, the winners will receive $165,000 per team, while those eliminated in the first few days will receive $6,900.
Poland’s Iga Swiatek is tipped by many tennis experts to win the Australian Open women’s singles title
Amazingly, the best players in the world compete for a total of $86.5 million in prize money.
Australian Open tournament director Craig Tiley said increasing prize money would ensure many elite players would not skip the tournament.
‘It is critical to the continued success of the Australian Open that we ensure the best players in the world are appropriately compensated, because we know this (money) allows players to invest in their own careers and in many cases helps them achieve success. all year round,” he said in a statement.
“We want to ensure that Australia remains the launching pad for the global tennis season and that the players and their teams have everything they need to help them perform at their best and continue to enjoy the Happy Slam.”