Players will be vying for the biggest prize pool in Australian Open history, with both men's and women's singles winners set to take home more than $3 million.
The total prize pool is $86.5 million, a $10 million increase from $76.5 million in 2023 and up from $74 million in 2022.
Just 10 years ago the prize pool was $40 million, putting into context the whopping money on offer for today's stars.
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ULTIMATE GUIDE: Everything to know for Australian Open 2024
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This year's figure has also more than quadrupled in the last 20 years when it was $19.1 million.
Last year's winners took home $2.975m, with the amount for this year's winners up by $100,000.
This year, the prize money has also increased for every round. This includes a surge of 13 per cent for first-round and second-round main draw singles players, as well as a seven per cent rise for semifinalists.
What is the prize money for the 2024 Australian Open?
Singles
Winner: $3.15m
Runner-up: $1.725m
Semi-final: $990,000
Quarter-final: $600,000
Round 4: $375,000
Round 3: $255,000
Round 2: $180,000
Round 1: $120,000
Players who were also knocked out in qualifying are also compensated.
Doubles
Winner: $730,000
Runner-up: $400,000
Semi-final: $227,500
Quarter-final: $128,000
Round 3: $75,000
Round 2: $53,000
Round 1: $36,000
Mixed doubles
Winner: $165,000
Runner-up: $94,000
Semi-final: $50,000
Quarter-final: $26,500
Round 2: $13,275
Round 1: $6,900
Watch the 2024 Australian Open live and exclusive on Nine, 9Now and ad-free on Stan Sport.
Players will be vying for the biggest prize pool in Australian Open history, with both men's and women's singles winners set to take home more than $3 million.
The total prize pool is $86.5 million, a $10 million increase from $76.5 million in 2023 and up from $74 million in 2022.
Just 10 years ago the prize pool was $40 million, putting into context the whopping money on offer for today's stars.
READ MORE: Djoker's stunning Demon prediction
ULTIMATE GUIDE: Everything to know for Australian Open 2024
LIVESTREAM GUIDE: How to watch the Australian Open 2024
This year's figure has also more than quadrupled in the last 20 years when it was $19.1 million.
Last year's winners took home $2.975m, with the amount for this year's winners up by $100,000.
This year, the prize money has also increased for every round. This includes a surge of 13 per cent for first-round and second-round main draw singles players, as well as a seven per cent rise for semifinalists.
What is the prize money for the 2024 Australian Open?
Singles
Winner: $3.15m
Runner-up: $1.725m
Semi-final: $990,000
Quarter-final: $600,000
Round 4: $375,000
Round 3: $255,000
Round 2: $180,000
Round 1: $120,000
Players who were also knocked out in qualifying are also compensated.
Doubles
Winner: $730,000
Runner-up: $400,000
Semi-final: $227,500
Quarter-final: $128,000
Round 3: $75,000
Round 2: $53,000
Round 1: $36,000
Mixed doubles
Winner: $165,000
Runner-up: $94,000
Semi-final: $50,000
Quarter-final: $26,500
Round 2: $13,275
Round 1: $6,900
Watch the 2024 Australian Open live and exclusive on Nine, 9Now and ad-free on Stan Sport.
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