The Australian Open has reached the final day in Melbourne.
For 2024, the the prize pool has been increased by 13 per cent to AU$86.5 million, with those playing in the early rounds and qualification stages benefitting the most.
"We've upped prize money for every round at the Australian Open with the major increases in qualifying and the early rounds of singles and doubles," Tennis Australia CEO and tournament director Craig Tiley said.
"We want to ensure Australia remains the launchpad for the global tennis season and the players and their teams have everything they need to help them perform at their best and continue to enjoy the Happy Slam."
The Sporting News breaks down the Australian Open prize money system for the 2024 tournament.
Australian Open: 2024 prize money, winnings
All figures are in AUD.
Men's and women's singles
| Winners | $3.15 million |
| Runners-up | $1.725 million |
| Semi-finalists | $990,000 |
| Quarter-finalists | $600,000 |
| Fourth round | $375,000 |
| Third round | $255,000 |
| Second round | $180,000 |
| First round | $120,000 |
| Third round qualifying | $65,000 |
| Second round qualifying | $44,100 |
| First round qualifying | $31,250 |
Men's and women's doubles (per team)
| Winners | $730,000 |
| Runners-up | $400,000 |
| Semi-finalists | $227,500 |
| Quarter-finalists | $128,000 |
| Third round | $75,000 |
| Second round | $53,000 |
| First round | $36,000 |
Mixed doubles (per team)
| Winners | $165,000 |
| Runners-up | $94,000 |
| Semi-finalists | $50,000 |
| Quarter-finalists | $26,500 |
| Second round | $13,275 |
| First round | $6,900 |
Which Grand Slam tournament has the highest prize money? French Open, Wimbledon, US Open
Here's how the other three major tournaments distribute their respective prize money.
All figures reflect the most recent tournaments and are in AUD.
French Open prize money
Total: $80.564 million
Winners: $3.776 million
Runners-up: $1.888 million
Semi-finalist: $1.034 million
Quarter-finalist: $656,740
First round: $113,288
Wimbledon prize money
Total: $84.198 million
Winners: $4.426 million
Runners-up: $2.213 million
Semi-finalist: $1.13 million
Quarter-finalist: $640,439
First round: $103,600
US Open prize money
Total: $96.271 million
Winners: $4.443 million
Runners-up: $2.221 million
Semi-finalists: $1.147 million
Quarter-finalists: $673,898
First round: $120,709
Australian Open total prize money history
| 2001 | $13.858 million | 2013 | $30 million |
| 2002 | $16.5 million | 2014 | $33 million |
| 2003 | $18.18 million | 2015 | $40 million |
| 2004 | $19 million | 2016 | $44 million |
| 2005 | $19.1 million | 2017 | $50 million |
| 2006 | $19.3 million | 2018 | $55 million |
| 2007 | $20 million | 2019 | $62.5 million |
| 2008 | $20.6 million | 2020 | $71 million |
| 2009 | $23.14 million | 2021 | $71.5 million |
| 2010 | $24.094 million | 2022 | $75 million |
| 2011 | $25.006 million | 2023 | $76.5 million |
| 2012 | $26 million | 2024 | $86.5 million |