Australian Open Undergoes Massive Overhaul as $6.8 Million Boost Set to Amplify Players Morale

Published 12/29/2023, 5:30 AM EST

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via Reuters

Tennis just got bigger and better. With the start of the new season, new opportunities will flourish for the players and the hunt to stay at the top will be crazier than ever. With the Australian Open on the horizon, some of the best names in the tennis world will be battling out for supremacy in Melbourne. Now, to bring more intensity to the event, the tournament organizers have come up with a special present for the players.

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Recent reports that have come out suggest that the tournament organizers have increased the prize pool of the tournament. This will not only motivate the players to play their best but will also increase the intensity of the match.

Australian Open increases the prize money of the upcoming tournament

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In a recent revelation, the Australian Open organizers have shaken things up with a big change in prize money. Recent reports suggest that there will be an increase of a whopping $6.8 million for the upcoming tournament at Melbourne Park, which will start on Jan. 14. It’s great news for players, especially those starting in the first round.

Now, players who make it through the first-round qualifiers will get a 20% raise, taking their earnings to 31,250 Australian dollars (that’s around $21,000). But the real eye-catcher is for the champions in the men’s and women’s singles categories, who will each receive a hefty $3.15 million AUD (that’s about $2.15 million).

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“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,” Craig Tiley, the tournament organizer said.

This move by the Australian Open doesn’t just benefit the winners; it spreads the wealth across the tournament, giving more support and recognition to those starting out. The increase in prize money is a bold step towards acknowledging the efforts of all players participating in the tournament.

That being said here is a complete breakdown of the prize money that players will receive in each round. With an increase in each round, the players can get their hands on more money.

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The complete breakdown of the prize money and the increment in each round

As things stand, the first-round qualifiers will now bag $31,250, marking a hefty 20% rise, while the prize money for first-round doubles teams escalates to $36,000, up by 16%. Main draw singles players stepping into the first round will see a boost to $120,000, a 13% increase from the last year.

Players making it to the second round will earn $180,000. The rewards continue to climb, with semifinalists slated to receive $990,000, up by 7%. Finally, the cherry on top, the singles champions will claim a grand prize of $3.15 million. This incredible growth is evident in the tournament’s history. The prize money has quadrupled since 2005 when it stood at $19.1 million. Moreover, in just a decade, the prize money has doubled from $40 million in 2015.

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Thus, the tournament will be more fun as every player will not only look to bag that extra money but also stand a chance to lay their hands on the title.

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Written by:

Akshat Gaur

991Articles

One take at a time

In a world where player rivalries dominate social media conversations, I am someone who prefers to enjoy the skills showcased on the court rather than be involved in feuds over the greatness of players. Right from my early childhood, I have been engrossed by the legendary rivalry between Roger Federer and Rafael Nadal. It turned me into a ?Fedal? fan and eventually, when I graduated from college, this fandom created an interest in covering their exploits on the court.
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Edited by:

Ananya Giri

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