Australian Open Prize Money: How Much is it?

(CTN News) – The Australian Open prize money has reached a record high of £5.34 million (AU$10 million) in 2024, up 13% from 2023.

The overall prize pool presently stands at £46.2 million (AU$86.5 million), with the men’s and women’s singles champions receiving about £1.67 million (AU $3.15 million) for winning the tournament.

Prize money has also been boosted in the early rounds, with players who qualify for the main draw earning £64,000 – even if they do not win a match.

The men’s singles final between Daniil Medvedev and Jannik Sinner will determine the new Australian Open winner. Sinner, a 22-year-old Italian, upset incumbent champion Novak Djokovic in four sets, advancing to his first grand slam final appearance.

Aryna Sabalenka won her second Australian Open title in Melbourne on Saturday, defeating Qinwen Zheng in straight sets. The World No. 2 won 6-3, 6-2 over the 12th seed, Zheng, in his maiden grand slam final.

Here’s everything you should know.

Australian Open 2024 prize money

Men’s and women’s singles, (Per player – 128 draw)

Winner: £1,674,000 (AU $3,150,000)

Runner-up: £925,000 (AU $1,725,000)

Semi-finals: £530,000 (AU $990,000)

Quarter-finals: £321,000 (AU $600,000)

Round 4:  £201,000 (AU $375,000)

Round 3: £137,000 (AU $255,000)

Round 2: £96,000 (AU $180,000)

First Round: £64,000 (AU $120,000)