Australian Open prize money hits record high

Story by  ATV | Posted by  Nakul Shivani | Date 29-12-2022
Australian Open prize money has been increased by more than three percent
Australian Open prize money has been increased by more than three percent

 

Melbourne

The top tennis players in the world will compete for more than AUD 100 million in prize money across the Australian summer, including the 2023 Australian Open.

The historic high prize pool is a result of a record AUD 76.5 million for the Australian Open 2023 (a 3.4 per cent increase) as well as the addition of the lucrative new United Cup event.

"It is critical to the continued success of the Australian tennis summer that we provide strong and relevant playing opportunities and ensure that the best players in the world are compensated appropriately," said Australian Open Tournament Director Craig Tiley.

The tournament director was ecstatic after making the announcement and mentioned that the inauguration of the United Cup is significant before the grand slam tournament.

Talking about the prize money, he said, "At the Australian Open, we've upped prize money for every round from qualifying, through to the finals, with the major increases in the early rounds, where these substantial rewards help players invest in their own careers and in many cases, set themselves up for success throughout the year."

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Creating new benefits, services, spaces and experiences for the players is also a priority at the Australian Open, ensuring there are lots of happy moments at the 'Happy Slam'.