Australian Open Prize Money Breakdown – Are you curious about the Australian Open prize money breakdown for 2024? Wondering how much money is up for grabs in this year’s tennis grand slam? Well, read on to learn all you need to know! The Australian Open prize money breakdown for 2024 includes a detailed overview of both the men’s and women’s singles prize money, as well as the men’s and women’s doubles prize money. You’ll also find out about the history of the Australian Open tournament, as well as what the purse amounts are for this year’s event. With everything you need in one place, it’s time to get ready to call your friends and book your flights to Melbourne!
The Australian Open has just confirmed AUD $75 million in prize money for 2024, so when the first Grand Slam of the year takes place in Melbourne, players will be vying for a new money record pool. When compared to last year’s pandemic affected and postponed event, this marks a rise of 4.90%. While increasing prize money for losers in qualification and early rounds was a top priority a year ago, the latter stages will see the highest pay increases in 2024. For instance, the 2024 Australian Open Champion will receive $2,875,000 this year, which is an increase of 4.55% from last year. The second-place prize is $1,575,000, a 5% increase.
Australian Open Prize Money Breakdown 2024
This weekend will determine the Australian Open champions as well as how much money each player will receive as their prize. The Australian Open’s overall purse increased this year, however the distribution led to slight declines in individual prize money. The winners nevertheless receive a substantial payout. Even players who just triumphed in their Round 1 match will be paid.
The first Grand Slam of the year is currently in its second week. The Grand Slam of the Asia Pacific will be decided by a match between the finest tennis players in the globe. To compete for the title, the top names in tennis travel to Australia.
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AUS Open Prize Money Breakdown 2024 Detail
| Event Name | Australian Open Prize Money Breakdown |
| Year | 2024 |
| Total Prize Money | $75,000,000 |
| Category | Sport |
| Change % | 4.90% |
Australian Open 2024 Quick Facts
First-round qualifiers will get $24,000 AUD, a 4% decrease from 2021.
The overall prize money for the Australian Open in 2024 is $74 million, an increase of 4.90% from 2021.
First-round main draw singles earn $103,000, an increase of 3% from 2021.
Singles champions will get $2.875 million AUD in prize money, up from $25 million in 2011.
Australian Open Total Prize Money History
| Year | Total Prize Money | % Change |
| 2022 | $75,000,000 | 4.90% |
| 2021 | $71,500,000 | 0.70% |
| 2020 | $71,000,000 | 13.60% |
| 2019 | $62,500,000 | 13.64% |
| 2018 | $55,000,000 | 10.00% |
| 2017 | $50,000,000 | 13.64% |
| 2016 | $44,000,000 | 10.00% |
| 2015 | $40,000,000 | 21.21% |
| 2014 | $33,000,000 | 10.00% |
| 2013 | $30,000,000 | 15.38% |
| 2012 | $26,000,000 | 3.98% |
| 2011 | $25,005,635 | 3.78% |
| 2010 | $24,094,000 | 4.12% |
| 2009 | $23,140,000 | 12.33% |
| 2008 | $20,600,000 | 3.00% |
| 2007 | $20,000,000 | 3.63% |
| 2006 | $19,300,000 | 1.05% |
| 2005 | $19,100,000 | 0.53% |
| 2004 | $19,000,000 | 4.51% |
| 2003 | $18,180,000 | 10.18% |
| 2002 | $16,500,000 | 19.07% |
| 2001 | $13,857,625 |
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About Australian Open 2024
The first-round losers only earned $103,000, or 3% more than in 2021, compared to the losers in later rounds, who saw lesser percentage increases. The Australian Open Prize Money Breakdown money distribution for the Australian Open in 2024 is shown below. In order to provide readers in the US and UK with a comparison, the amounts have also been converted from Australian dollars into USD and GBP. When the tournament is over, the sums will be changed to reflect the last day’s exchange rate, which is currently the mid-market exchange rate at the current rate.
The prize money for the Australian Open 2012 was upped to A$26,000,000 on October 4, 2011, when the tournament was officially inaugurated. It is the largest prize pool ever awarded in a tennis competition. The prize money will rise to AUD $40 million starting in 2015, according to the announcement. The eternal trophy cups are engraved with the names of the competition winners. The Daphne Ashurst Memorial Cup is awarded to the female singles champion. The Norman Brookes Challenge Cup is awarded to the male singles champion.
Australian Open 2024 Prize Money Table
| Australian Open 2024 | Singles | Doubles* | Mixed Doubles* |
| Winner | A$4,400,000 | A$800,000 | A$190,000 |
| Runners-up | A$2,200,000 | A$400,000 | A$100,000 |
| Semi-Finalists | A$1,100,000 | A$200,000 | A$50,000 |
| Quarter-Finalists | A$600,000 | A$110,000 | A$24,000 |
| Round of 16 | A$300,000 | A$62,000 | A$11,500 |
| Round of 32 | A$180,000 | A$40,000 | A$6,250 |
| Round of 64 | A$140,000 | A$25,000 | N/A |
| Round of 1281 | A$90,000 | N/A | N/A |
| Qualifying Round 3 | A$50,500 | N/A | N/A |
| Qualifying Round 2 | A$33,500 | N/A | N/A |
| Qualifying Round 1 | A$24,000 | N/A | N/A |
Last Year’s Prize Money
Last year’s champions at the Australian Open, Novak Djokovic and Naomi Osaka, got a check for $2 million. Daniil Medvedev and Jennifer Brady, the runners-up, each won $1.1 million. The winners of the Australian Open this year, however, will receive a total of $3.2 million. This year’s runners-up will each receive $1.6 million, a 60% and 6% increase over last year.
More money will be awarded to the winners of the 2024 Australian Open than Daniil Medvedev and Emma Radicand were given after winning the 2021 US Open. The administration has also upped the prize money for the tournament’s semifinalists and quarterfinalists. A semifinalist received $614,160, and a quarterfinalist received $379,330, respectively.
Australian Open Prize Money Distribution
The players now earn more than twice as much as they did in 2021 for winning their singles qualifying round matches. Each male and female singles champion will receive AUD$4.4 million. The semifinalists in the men’s and women’s singles competition will each receive AUD$850,000, while the winners will receive AUD$2.2 million. The increase is a result of a yearly agreement that has seen the overall prize money purse at all four grand slams steadily rise over the previous ten years.
Men’s singles round one winners will receive about AUD $24,000, round two winners will receive about AUD $33,500, and round three winners will receive a whopping AUD $50,500. Both the men’s and women’s doubles events saw increases in prize money, with winners earning $800,000 and runners-up earning up to $400,000.
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AUS Open Prize Money Men’s and Women’s Singles tournaments
Here is a breakdown of the total prize money for the three other grand slams in 2021, which we can confidently assume will grow as well. The prize money for the Men’s and Women’s Singles competitions at the Australian Open for this year is broken down as follows.
| Australian Open Singles Prize Money | 2024 | 2024 |
| Winner | A$4,400,000 | A$2,750,000 |
| Runners-up | A$2,200,000 | A$1,500,000 |
| Semi-Finalists | A$1,100,000 | A$850,000 |
| Quarter-Finalists | A$600,000 | A$525,000 |
| Round of 16 | A$300,000 | A$320,000 |
| Round of 32 | A$180,000 | A$215,000 |
| Round of 64 | A$140,000 | A$150,000 |
| Round of 1281 | A$90,000 | A$100,000 |
| Qualifying Round 3 | A$50,500 | A$52,500 |
| Qualifying Round 2 | A$33,500 | A$35,000 |
| Qualifying Round 1 | A$24,000 | A$25,000 |
The winning players in the singles qualifying round receive less money than they did in 2021. Men’s singles qualifying round one winners will receive about AUD $24,000, round two winners will receive about AUD $33,500, and round three winners will receive a whopping AUD $50,000.
Australian Open 2024 men’s & women’s & doubles prize money
Daniil Medvedev of Russia wins the men’s singles title at the Australian Open tennis tournament’s day fourteen match in Melbourne on February 21, 2021. The prize money for the men’s singles champion in the 2024 Australian Open is a whopping $2.875 million. The second-place finisher will receive $1.575 million as compensation for missing out on the Grand Slam, while the eliminated semifinalists will each receive $895,000. The complete prize money split for the men’s singles is shown below. There has been a small improvement since 2021, when the victor received $2.75 million and the runner-up received $1.5 million.
Runner-Up – $1.575 million
Semi-finalists -$895,000
Quarter-finalists – $538,500
Fourth Round – $328,000
Third Round – $221,000
Second Round – $154,000
First Round – $103,000
Third Round Qualifying – $53,500
Second Round Qualifying – $35,500
First Round Qualifying – $25,250
Australian Open 2024 women’s singles prize money
The winner of the women’s singles competition will get $2.875 million in prize money, along with $1.575 million for the runner-up and $895,000 for each of the eliminated semifinalists. The prize money in this competition is comparable to that for the men. The complete prize money breakdown for the women’s singles is shown below. This prize money is higher than that of 2021, when the victor won $2.75 million and the runner-up received $1.5 million. This is also true for the men’s singles.
Runner-Up – $1.575 million
Semi-finalists -$895,000
Quarter-finalists – $538,500
Fourth Round – $328,000
Third Round – $221,000
Second Round – $154,000
First Round – $103,000
Third Round Qualifying – $53,500
Second Round Qualifying – $35,500
First Round Qualifying – $25,250
Australian Open 2024 men’s & women’s doubles prize money
Although the prize money in the doubles competitions is far less than in the singles competitions, there is still a sizable prize pool to contend for. The event champions will receive a check for $675,000, while the runners-up will receive $360,000 and the eliminated semi-finalists will receive $205,000. The prize money for the men’s and women’s doubles matches that of the singles competitions. The complete prize money split for the doubles competitions is shown below.
Winners – $675,000
Runners-up – $360,000
Semi-finalists – $205,000
Quarter-finalists – $113,000
Third Round – $65,250
Second Round – $45,100
First Round – $30,050
Prize Money Qualifiers
The Open’s management has decreased the amount that will be awarded to qualifiers and players who are eliminated early despite increasing the total prize fund. The players who advanced to the third qualifying round in 2021 earned $37,940, however in Melbourne the following year they will receive $36,120. In 2021, those that made it to the first, second, third, and fourth rounds earned $72,240, $108,350, $195,290, and $231,130, respectively. They will now receive $65,000, $101,120, $130,000, and $216,670, respectively, a drop of between 10.2% and 16.2%, if they manage to reach the same stage.
Conclusions
The Australian Open will get underway in Melbourne on January 17, 2024. The overall prize pool for the first Grand Slam of the year has increased by 4.5% this year. In comparison to the pandemic-affected and postponed tournament from last year, this indicates a rise of 4.90%. Prior to one year ago, there was a significant emphasis on raising prize money for qualifying and early-round losers.
But in 2024, the tournament’s later rounds witness the highest compensation hikes. Because of this, the total prize money increased dramatically from $51.6 million to $54.2 million this year. The Australian Open, also known as the “Happy Slam,” comes in second place in terms of overall prize money. Only the US Open has offered more money in prizes, which totaled $57.5 million.
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