By Chris Oddo | @TheFanChild | Wednesday, December 28, 2022

The Australian Open is offering record prize money once again.



The tournament will hand out $76.5 million Australian dollars in prize money to players, an increase of 3.4 percent from 2022.

(The Australian dollar is worth approximately .67 american dollars as of 12/28/2022)

“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,” said Australian Open tournament director Craig Tiley.

Per the tournament, here are some major prize money milestones for the 2023 event, which begins on January 15.

Australian Open total prize pool of $76.5 million, up 3.4 per cent on 2022
Singles, doubles and qualifying increase by 3.2 per cent
Prize money increases in every round
First round qualifiers – $26,000 (up 3 percent)
First round doubles teams – $30,975 (up 3.1 percent)
First round main draw singles players – $106,250 (up 3.2 percent)
Players reaching the second round – $158,850 (up 3.1 percent)
Semifinalists will earn $925,000, (up 3.4 percent)
Singles champions will take home $2.975 million
Australian Open prize money has increased by more than 321 percent, or $58.32 million, in the 20 years since 2003, when it was $18.18 million
Prize money has more than doubled (155 percent increase) from $30 million in 2013 (10 years)