Prize money at the Australian Open keeps getting bigger, and in 2024 the players can expect to win more than ever. While the 2023 edition delivered players a record-breaking sum, this year there is a further $10 million up for grabs with a total prize money pool of $86.5 million at the 2024 Australian Open.
What will be most exciting for all tennis players in the AO is the decision to spread the additional prize money across the entire competition, not just those vying for the Grand Slam trophy. The winner will take home $3.15 million (up from $2.975 million in 2023), but those who make it through to the first round will enjoy a bump of up to 20% compared to last year’s prize money.
“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,” Australian Open Tournament Director Craig Tiley said.
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“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.”
It’s a great initiative from the Australian Open to attempt to support all the top tennis talent in 2024, offering a financial springboard into the rest of the season. With such significant sums up for grabs, here’s a breakdown of the prize money for all the competitions at the 2024 Australian Open.
Prize Money For The 2024 Australian Open
The prize pool on offer for players at this year’s Australian Open has reached a record high of $86.5 million (an increase of 13% compared to 2023).
Single’s Prize Money
| Winners | $3.15 million |
| Runners-up | $1.725 million |
| Semi-finalists | $990,000 |
| Quarter-finalists | $600,000 |
| Fourth round | $375,000 |
| Third round | $255,000 |
| Second round | $180,000 |
| First round | $120,000 |
| Third round qualifying | $65,000 |
| Second round qualifying | $44,100 |
| First round qualifying | $31,250 |
Double’s Prize Money (Per Team)
| Winners | $730,000 |
| Runners-up | $400,000 |
| Semi-finalists | $227,500 |
| Quarter-finalists | $128,000 |
| Third round | $75,000 |
| Second round | $53,000 |
| First round | $36,000 |
Mixed Double’s Prize Money (Per Team)
| Winners | $165,000 |
| Runners-up | $94,000 |
| Semi-finalists | $50,000 |
| Quarter-finalists | $26,500 |
| Second round | $13,275 |
| First round | $6,900 |
