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Australian Open Prize Money
2024 Breakdown & Historicals
The Australian Open will run over three weeks, from Sunday, January 7 to Sunday, January 28, 2024, and features record-high prize money of $86,500,000 AUD, which translates to $57,891,855 USD, €52,903,024 and £45,505,313, a sizeable 13% increase compared to last year.
Despite being the youngest Grand Slam, which started 28 years after Wimbledon in 1905, the Australian Open is now the second highest-paying professional tennis tournament worldwide, right behind the US Open.
Men and women will play for equal prize money at the Australian Open, with the singles champions taking home a staggering $3,150,000 and the runner-up earning just over half that amount or $$1,725,000. These amounts represent a solid 6% increase versus 2023, which surprisingly is the lowest percentage increase for the year by round. For example, the first and second qualifying singles rounds see a 20% increase.
In doubles, the sums are equally impressive for men and women, with the winning pairs splitting a $730,000 check and the teams who land the runner-up position divvying up $400,000. Like singles, nearly all doubles rounds are hitting roughly a 3% increase over the prior year.
Perhaps one of the most exciting elements about this year’s prize money is that it’s the strongest year-over-year growth we’ve seen since before the pandemic in 2020, showcasing the tournament’s continued success with fans returning to enjoy the action.
Keep reading for everything you need to know about the 2024 purse, including a complete breakdown by round and historical data for comparison and reference.
Article Contents
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How the Aus Open is Funded
Prize Money Distribution
Men vs. Women
Prize Money by Year
2024 Full Breakdown
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How the Australian Open is Funded
Owned and operated by Tennis Australia, the Australian Open is big business. Last year, the tournament drew a massive fan base of 839,192 fans, drawing hundreds of millions in revenue.
For context, the 2018 tournament reported $320 million in revenue. That year, they offered total prize money of $55,000,000, or 17% of its revenues. If we use that as a proxy, it’s likely the Australian Open netted close to $500 million in 2023.
In other words, the Australian Open brings in more than enough cash to fund its impressive prize money, with the tournament generating revenue from sponsorships, broadcasting rights, ticket sales, concessions, and merchandise.
Although exact figures aren’t available for a revenue breakdown of the Australian Open, we can glean some insight from Wimbledon and the US Open. Here’s a look at how those tournaments faired in 2017.
| Revenue Breakdown | Wimbledon 2017 | US Open 2017 |
| Broadcasting | 55% | 36% |
| Ticket Sales | 16% | 36% |
| Sponsorships | 16% | 19% |
| Concessions & Merch | 12% | 9% |
Australian Open Revenue Breakdown (Guesstimates)
With those figures in mind, here’s an educated guess at how revenue breaks down for the Australian Open.
- Broadcasting: 35%
- Ticket Sales: 35%
- Sponsorships: 20%
- Concessions & Merch: 10%
The US Open has significantly higher attendance, so ticket sales far exceed Wimbledon’s. That’s also the case for the Australian Open, which can host more fans.
Here’s a quick comparison of last year’s attendance numbers for each major.
- Australian Open: 839,192
- French Open: 630,000
- Wimbledon: 532,651
- US Open: 957,287
As a result of the vast numbers in fan attendance, the Australian Open has consistently delivered some of the biggest sums in prize money. Here’s how the tournament compared to the other three Grand Slams last year.
| Grand Slam | Native Currency | US Dollars |
| Australian Open | $76,500,000 | $51,167,025 |
| French Open | €49,600,000 | $54,267,856 |
| Wimbledon | £44,700,000 | $56,848,163 |
| US Open | $65,000,020 | $65,000,020 |
Compared to the US Open, the highest-paying Grand Slam, the Australian Open offered 21% less prize money.
As the tournament wraps up its aggressive three-phase expansion, there’s no doubt it’ll remain one of the highest-paying sporting events worldwide.
Prize Money Distribution
At a high level, prize money at the Australian Open breaks down by discipline, including singles, doubles, mixed doubles, and qualifying rounds. Here’s a look at that distribution for available 2024 data.
| Event | Prize Money | % of Total |
| Singles | $59,550,000 | 69% |
| Singles Qualifiers | $8,902,400 | 10% |
| Doubles | $9,394,000 | 11% |
| Mixed Doubles | $1,363,200 | 2% |
| Other | $7,290,400 | 8% |
| Total | $86,500,000 | 100% |
However, consistent with other tennis tournaments, the Australian Open’s prize money breaks down further by round, with players earning more the further they progress. For context, here’s a table of payouts for the men’s and women’s singles for 2024 by round, including qualifiers.
| 2024 | AUS Dollar | US Dollar | Sterling Pound |
| Winner | $3,150,000 | $2,130,975 | £1,662,366 |
| Runner-up | $1,725,000 | $1,166,963 | £910,343 |
| Semifinal | $990,000 | $669,735 | £522,458 |
| Quarterfinal | $600,000 | $405,900 | £316,641 |
| Round 4 | $375,000 | $253,688 | £197,901 |
| Round 3 | $255,000 | $172,508 | £134,572 |
| Round 2 | $180,000 | $121,770 | £94,992 |
| Round 1 | $120,000 | $81,180 | £63,328 |
| Q3 | $65,000 | $43,973 | £34,303 |
| Q2 | $44,100 | $29,834 | £23,273 |
| Q1 | $31,250 | $21,141 | £16,492 |
Overall, investment in singles represents the lion’s share of prize money, which isn’t surprising as it draws the most viewership.
Men vs. Women
Shortly after the new millennium in 2001, the Australian Open followed in the US Open’s footsteps, instituting equal prize money for men and women. Although it came over 20 years after the triumph in Flushing Meadows, it was another huge milestone for the sport.
Shortly after, the French Open and finally, Wimbledon would follow suit. Here’s a look at when each of the Grand Slams switched.
- US Open: 1973
- Australian Open: 2001
- French Open: 2006
- Wimbledon: 2007
As a point of reference, the pay gap for men in women at the Australian Open in 1978 was 583%, with the men’s winner taking home 151,500 and the women’s champion netting a mere $22,200.
Although it’s worth noting that prize money at the Australian Open was equal for men and women for a few years during the 80s and 90s, it slid backward for a few years until they fully committed in 2001.
2024 Full Breakdown
The Australian Open has experienced significant growth in prize money since we ushered in the new millennium, with increases every year, even during the pandemic when ticket sales were heavily restricted.
On average, prize money since 2000 has increased by 8.45%. The most significant percentage increase to prize money came in 2015 when it jumped $13 million to $40,000,000 or 21.21% over the prior year, while the lowest came in 2005 when prize money only moved up $100,000 to $19,100,000 for a 0.53% improvement over 2004.
For 2024, prize money will improve by an impressive 13.07% for players. The following tables break down prize money by round since 2001 for men and women. You can scroll left to right to view the entire data set.
For comparison, I’ve converted AUS dollars to US Dollars and Sterling pounds, which I calculate using the prior year’s exchange rate on the day of the final for a close approximation of value.
Men & Women Singles
AUS Dollar
| AUS Dollar | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| Winner | $3,150,000 | $2,975,000 | $2,875,000 | $2,750,000 | $4,120,000 | $4,100,000 | $4,000,000 | $3,700,000 | $3,400,000 | $3,100,000 | $2,650,000 | $2,430,000 | $2,300,000 | $2,200,000 |
| Runner-up | $1,725,000 | $1,625,000 | $1,575,000 | $1,500,000 | $2,065,000 | $2,050,000 | $2,000,000 | $1,900,000 | $1,700,000 | $1,550,000 | $1,325,000 | $1,215,000 | $1,150,000 | $1,100,000 |
| Semifinal | $990,000 | $925,000 | $895,000 | $850,000 | $1,040,000 | $920,000 | $880,000 | $900,000 | $750,000 | $650,000 | $540,000 | $500,000 | $437,000 | $420,000 |
| Quarterfinal | $600,000 | $555,250 | $538,500 | $525,000 | $525,000 | $460,000 | $440,000 | $440,000 | $375,000 | $340,000 | $270,000 | $250,000 | $218,500 | $210,000 |
| Round 4 | $375,000 | $338,250 | $328,000 | $320,000 | $300,000 | $260,000 | $240,000 | $220,000 | $193,000 | $175,000 | $135,000 | $125,000 | $109,250 | $93,000 |
| Round 3 | $255,000 | $227,925 | $221,000 | $215,000 | $180,000 | $155,000 | $142,500 | $130,000 | $108,000 | $97,500 | $75,000 | $71,000 | $54,625 | $54,500 |
| Round 2 | $180,000 | $158,850 | $154,000 | $150,000 | $128,000 | $105,000 | $90,000 | $80,000 | $67,000 | $60,000 | $50,000 | $45,500 | $33,300 | $32,000 |
| Round 1 | $120,000 | $106,250 | $103,000 | $100,000 | $90,000 | $75,000 | $60,000 | $50,000 | $38,500 | $34,500 | $30,000 | $27,600 | $20,000 | $20,000 |
US Dollar
Please note that all historical data for US Open prize money in British sterling pounds considers exchange rates on the day of the final for the years listed.
| US Dollar | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| Winner | $2,130,975 | $1,998,278 | $2,071,064 | $2,138,125 | $2,757,624 | $2,943,816 | $3,245,202 | $2,794,575 | $2,402,475 | $2,411,800 | $2,304,971 | $2,530,067 | $2,446,050 | $2,339,700 |
| Runner-up | $1,166,963 | $1,091,496 | $1,134,583 | $1,166,250 | $1,382,158 | $1,471,908 | $1,622,601 | $1,435,052 | $1,201,238 | $1,205,900 | $1,152,486 | $1,265,034 | $1,223,025 | $1,169,850 |
| Semifinal | $669,735 | $621,313 | $644,731 | $660,875 | $696,099 | $660,564 | $713,944 | $679,761 | $529,958 | $505,700 | $469,692 | $520,590 | $464,750 | $446,670 |
| Quarterfinal | $405,900 | $372,956 | $387,919 | $408,188 | $351,396 | $330,282 | $356,972 | $332,328 | $264,979 | $264,520 | $234,846 | $260,295 | $232,375 | $223,335 |
| Round 4 | $253,688 | $227,199 | $236,281 | $248,800 | $200,798 | $186,681 | $194,712 | $166,164 | $136,376 | $136,150 | $117,423 | $130,148 | $116,187 | $98,906 |
| Round 3 | $172,508 | $153,095 | $159,202 | $167,163 | $120,479 | $111,291 | $115,610 | $98,188 | $76,314 | $75,855 | $65,235 | $73,924 | $58,094 | $57,961 |
| Round 2 | $121,770 | $106,698 | $110,937 | $116,625 | $85,674 | $75,390 | $73,017 | $60,423 | $47,343 | $46,680 | $43,490 | $47,374 | $35,415 | $34,032 |
| Round 1 | $81,180 | $71,367 | $74,198 | $77,750 | $60,239 | $53,850 | $48,678 | $37,765 | $27,205 | $26,841 | $26,094 | $28,737 | $21,270 | $21,270 |
Sterling Pound
Please note that all historical data for US Open prize money in euros considers exchange rates on the day of the final for the years listed.
| Sterling Pound | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
| Winner | £1,662,366 | £1,570,012 | £1,602,037 | £1,396,425 | £2,092,098 | £2,231,232 | £2,294,446 | £2,219,822 | £1,687,002 | £1,599,257 | £1,398,122 | £1,461,566 | £1,556,789 | £1,489,102 |
| Runner-up | £910,343 | £857,570 | £877,638 | £761,686 | £1,048,588 | £1,115,616 | £1,147,223 | £1,139,909 | £843,501 | £799,629 | £699,061 | £730,783 | £778,394 | £744,551 |
| Semifinal | £522,458 | £488,155 | £498,721 | £431,622 | £528,102 | £500,667 | £504,778 | £539,957 | £372,133 | £335,328 | £284,900 | £300,734 | £295,790 | £284,283 |
| Quarterfinal | £316,641 | £293,025 | £300,069 | £266,590 | £266,590 | £250,333 | £246,202 | £263,979 | £186,066 | £175,402 | £142,450 | £150,367 | £147,895 | £142,142 |
| Round 4 | £197,901 | £178,506 | £182,772 | £162,493 | £152,337 | £141,493 | £137,667 | £131,989 | £95,762 | £90,281 | £71,225 | £75,183 | £73,947 | £62,948 |
| Round 3 | £134,572 | £120,284 | £123,148 | £109,175 | £91,402 | £84,351 | £81,740 | £77,994 | £53,587 | £50,299 | £39,569 | £42,704 | £36,974 | £36,889 |
| Round 2 | £94,992 | £83,831 | £85,813 | £76,169 | £64,997 | £57,141 | £51,625 | £47,996 | £33,244 | £30,953 | £26,380 | £27,367 | £22,540 | £21,660 |
| Round 1 | £63,328 | £56,072 | £57,395 | £50,779 | £45,701 | £40,815 | £34,417 | £29,998 | £19,103 | £17,798 | £15,828 | £16,601 | £13,537 | £13,537 |
Singles Qualifying
| Singles Qualifying | AUS Dollar | US Dollar | Sterling Pound |
| Q3 | $65,000 | $43,973 | £34,303 |
| Q2 | $44,100 | $29,834 | £23,273 |
| Q1 | $31,250 | $21,141 | £16,492 |
Men & Women Doubles (Per Pair)
| Doubles | AUS Dollar | US Dollar | Sterling Pound |
| Winner | $730,000 | $497,827 | £390,923 |
| Runner-up | $400,000 | $272,782 | £214,204 |
| Semifinal | $227,500 | $155,145 | £121,829 |
| Quarterfinal | $128,000 | $87,290 | £68,545 |
| Round 3 | $75,000 | $51,147 | £40,163 |
| Round 2 | $53,000 | $36,144 | £28,382 |
| Round 1 | $36,000 | $24,550 | £19,278 |
Mixed Doubles (Per Pair)
These figures are not yet released for 2022.
| Mixed Doubles | AUS Dollar | US Dollar | Sterling Pound |
| Winner | $165,000 | $112,523 | £88,359 |
| Runner-up | $94,000 | $64,104 | £50,338 |
| Semifinal | $50,000 | $34,098 | £26,776 |
| Quarterfinal | $26,500 | $18,072 | £14,191 |
| Round 2 | $13,275 | $9,053 | £7,109 |
| Round 1 | $6,900 | $4,705 | £3,695 |
Prize Money by Year
Here’s a recap of historical data for Australian Open prize money by year, with a graph helping visualize growth over time.
| Year | Total Prize Money | % Change |
| 2024 | $86,500,000 | 13.07% |
| 2023 | $76,500,000 | 3.38% |
| 2022 | $74,000,000 | 3.50% |
| 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 | – |
Please note that all data is in AUS dollars.
FAQs
Australian Open prize money is always a hot topic, so it’s common for fans to have several questions relating to the subject. Here are some of the most common we hear.
Is Australian Open prize money taxed?
Yes. The local government taxes player earnings for tennis tournaments. Therefore, for the Australian Open, players are taxed at the current Australian tax rate, ranging from 0-45%, depending on a player’s earnings.
It’s worth noting that players usually will not pay taxes on their prize money to their local government due to Double Tax Treaties that typically exist to prevent double taxation.
Do junior Australian Open players win prize money?
No. Australian Open junior tournaments are amateur events, so participants do not earn prize money. However, they do earn ranking points for their participation.
Do Australian Open qualifiers earn prize money?
Yes, in 2024, the US Open is allocating $8,902,400 in prize money to the singles qualifying tournament. In singles, 128 players compete for one of 16 available qualifying spots.
If players lose in any qualifying round, they earn money, which increases the further a player progresses. For example, this year, a player who loses in the final round of the qualifying tournament earns $65,000.
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