$75 million jackpot! Australian Open prize pool soars, sets new benchmark for Grand Slams

Players competing at this month’s Australian Open will battle for the richest prize money in the tournament’s history, with organisers on Tuesday announcing a 16 percent increase in the total purse to a record Aus$111.5 million (US$75 million).Go Beyond The Boundary with our YouTube channel. SUBSCRIBE NOW!The winners of the men’s and women’s singles events at the first Grand Slam of the year will each earn Aus$4.15 million (US$2.79 million), a 19 percent rise from last year’s Aus$3.5 million. The boost underlines Tennis Australia’s push to make the sport financially sustainable not just for champions, but for players across the draw. Those eliminated in the first round of the main draw will receive Aus$150,000, while even players knocked out in the opening round of qualifying will take home Aus$40,500, ensuring meaningful earnings at every stage of the competition.Tournament director Craig Tiley said the increase reflects a long-term commitment to supporting professional tennis careers. “From boosting qualifying prize money by 55 percent since 2023 to enhancing player benefits, we're ensuring professional tennis is sustainable for all competitors,” Tiley said. “By supporting players at all levels, we're building deeper talent pools and more compelling storylines for fans.”The Australian Open begins at Melbourne Park on January 18, with Jannik Sinner and Madison Keys returning to defend their singles titles.