Singles winners at Australian Open will get roughly 3 million Australian dollars

• Prize fund for 2023’s first Grand Slam has been hiked by 3.4 per cent.
• Winner of the men’s and women’s singles will take home Aus$2.97 million each.
• Prize Money of Australian Open has increased by 155% since 2013.

At the first Grand Slam of 2023, the Australian Open increased the entire prize pool to Australian dollars $76.5 million. As a result, the winners of the men’s and women’s singles will receive checks totaling Aus$2.97 million apiece, which is a significant increase above the payouts received by the runners-up, who will each receive $1,625,000.

The organisers revealed here on Thursday that the high prize pool is the consequence of a 3.4% increase, and that when the United Cup is included, the total prize fund provided in these two tournaments is AUS$ 100 million.

“Providing strong and meaningful playing chances and making sure the top players in the world are paid fairly are essential to the long-term viability of the Australian tennis summer. We want to make sure that Australia serves as the starting point for the entire season and that we get to see as many of them as we can. They encourage future generations as well as all of us to participate in this wonderful sport “Craig Tiley, the director of the Australian Open, stated.

A player who loses in the will receive AUS $106,250 as a result of the rise in prize money, which is across all levels. Players that compete in qualifying and the doubles events will also be paid more than they were a year ago.

“We are thrilled that there will be additional opportunities to participate around Australia during the summer, together with more than $100 million in prize money. We’ve worked arduously with the ATP and WTA to introduce the exciting new United Cup, which comes with its own substantial ranking points and prize money, two additional WTA and ATP events in Adelaide, the Hobart International, and an enhanced ATP 100 Challenger in Canberra “said Craig Tiley.

He continued, “At the Australian Open, we’ve increased prize money for every round from qualifying to the finals, with the biggest increases in the early rounds, where these substantial rewards help players invest in their own careers and, in many cases, set themselves up for success throughout the year.

According to the most recent estimates, singles event participants who advance into the quarterfinal round or better will win at least $500,000 in prize money.

Since 2013, when the total prize money at the Grand Slam was at $30M, it has climbed by 155%. Furthermore, the pool has grown by 283% since Tiley took over as tournament director in 2007. Even then, the Australian Open increases are very modest because Wimbledon and the US Open typically compete for the honour of offering the year’s largest prize money.

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