The Australian Open continued to up its prize money announcing last week the total purse will be $50M AUS (about $36M USD), up 14% from last year.
The singles winners will earn a tournament record $3.7M AUS (or $2.66M USD) and the first round loser takes homes $50K AUS (or $36K USD).
“We are proud of our record in looking after the players, and will continue the push for increased prize money for professional players,” tournament director Craig Tiley said.
Australian Open prize money has more than tripled since 2001, when it was $13.9M, with a $10M increase since 2014.
The tournament also increased monies for the qualifying by a whopping 39%.
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