Australian Open announces prize money increase to $58.4 million

The prize money has increased by 10 million Australian dollars ($6.8 million) for the 2024 edition

A general view of the Margaret Court Arena at the 2023 Australian Open

December 29, 2023

Australian Open organizers announced an increase in prize money by 10 million Australian dollars ($6.8 million) for the 2024 edition, taking the total prize money to 86.5 Australian dollars ($58.4 million).

Tournament Director Craig Tiley announced the increase in Melbourne announcing the prize money for each round in the event, which starts January 14th.

First-round qualifiers at the first Grand Slam of the season will receive a 20% increase to 31,250 Australian dollars (about $21,000) while the men’s and women’s singles champions will receive $3.15 million Australian dollars each (about $2.15 million).

“We’ve upped prize money for every round at the Australian Open with the major increases in qualifying and the early rounds of singles and doubles,” Tiley said. “It is critical to the continued success of the Australian Open that we ensure that the best players in the world are compensated appropriately as we know this allows players to invest in their own careers and in many cases, helps set them up for success throughout the year. We want to ensure Australia remains the launchpad for the global tennis season and the players and their teams have everything they need to help them perform at their best and continue to enjoy the Happy Slam.”

Some of other facts about the 2024 Australian Open prize money include: