How much is the prize money for the Australian Open 2023?

Novak Djokovic holds the Australian Open trophy — The victorious players will be paid handsomely (Picture: TPN/Getty Images)

The Australian Open 2023 is in full flow Down Under, with the finest players in the sport battling it out to win one of the biggest titles of the tennis season.

And whilst players undoubtedly play for the glory of winning a Grand Slam, it also true that the prize money on offer in Melbourne is a driving force for many of the competitors.

But exactly how much money will the winners in each round receive – and how big will the cheque be for the men’s and women’s singles champions?

Here is your guide to the prize money on offer at this year’s Australian Open.

How much prize money do the Australian Open winners receive?

The total prize fund on offer for all players at the Australian Open is just over £43 million.

Ashleigh Barty poses for a picture with the Australian Open trophy — The Australian Open is offering record prize money this year (Picture: TPN/Getty Images)

This represents an increase of 3.4 per cent compared to the money on offer in last year’s tournament.

The winners of both singles events will be awarded £1.697 million in prize money, whilst the runners-up will be given a cheque for £927k.

Meanwhile, players who are knocked out in the first round will pocket £61k.

The winning teams in the men’s and women’s doubles competition will receive 396k, to share between both players.

And the victorious pairing in the mixed doubles will walk away from Melbourne with 90k – split between the two players.

Australian Open 2023 prize money

Prize money for men’s and women’s singles tournaments:

Winner – £1.697m
Runner-up – £927k
Semi-final – £527k
Quarter-final – £316k
Round of 16 – £193k
Round of 32 – £130k
Round of 64 – £91k
First round – £61k

When did Grand Slams start offering equal prize money?

All four Grand Slam tournaments – Australian Open, French Open, Wimbledon and US Open – now offer equal prize money for the men’s and women’s tournaments.

The Australian Open became the second of the majors to agree to pay parity in 2001, after the US Open had first done so in 1973.

The French Open began to offer equal prize money in 2006, whilst Wimbledon became the last major to fall in line in 2007.

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