In addition to offering a trophy and a place in the tennis history books, the four Grand Slam tournaments also offer serious financial incentives to champions.
Here is what you need to know about the prize pool on offer at the 2024 Australian Open, the first Grand Slam of the year, which will be held in Melbourne from January 14 to 28.
Total Prize Fund
The total prize money is A$86.5 million ($58.91 million), an increase of 13.5% from 2023.
Tournament director Craig Tiley said they increased the prize money for each round “with the major increases in qualifying and the first rounds of singles and doubles.”
How much will singles players earn?
First round: A$120,000
Second round: A$180,000
Third round: A$255,000
Round of 16: A$375,000
Quarter-finals: A$600,000
Semi-finals: A$990,000
Finalist: A$1,725,000
Champion: 3,150,000 AUD
Comparison with 2023 champions
The 2023 men’s and women’s singles winners, Novak Djokovic and Aryna Sabalenka, received A$2,975,000 in prize money.
French Open singles champions Djokovic and Iga Swiatek received €2.3 million ($2.54 million). Wimbledon singles champions Carlos Alcaraz and Marketa Vondrousova received 2.35 million pounds ($2.99 million). US Open singles champions Djokovic and Coco Gauff received $3 million.
Prize money for doubles competitors
First round: A$36,000
Round of 16: A$53,000
Round of 16: A$75,000
Quarter-finals: A$128,000
Semi-finals: A$227,500
Finalist: A$400,000
Champions: 730,000 AUD
Prize money for mixed doubles players
First round: A$6,900
Round of 16: A$13,275
Quarter-finals: A$26,500
Semi-finals: A$50,000
Runner-up: A$94,000
Champion: 165,000 AUD
