Australian Open organisers have announced a $10 million increase in prize money for the 2024 tournament, increasing the prize pool for the event to $AU 86.5 million.
The singles champions in the men's and women's singles draws will each earn $3,150,000 and every round has seen an increase in prize money.
Australian Open Tournament Director Craig Tiley said: “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.
“It is critical to the continued success of the Australian Open that we ensure that the best players in the world are compensated appropriately as we know this allows players to invest in their own careers and in many cases, helps set them up for success throughout the year."
2024 Australian Open Singles Prize Money (Men & Women)
| Round | Prize Money |
| Champion | $3,150,000 |
| Finalist | $1,725,000 |
| Semi-finalist | $990,000 |
| Quarter-finalist | $600,000 |
| R16 | $375,000 |
| R32 | $255,000 |
| R64 | $180,000 |
| R128 | $120,000 |
2024 Australian Open Qualifying Singles (Men & Women)
| Round | Prize Money |
| R32 | $65,000 |
| R64 | $44,100 |
| R128 | $31,250 |
2024 Australian Open Doubles Prize Money (Men & Women per team)
| Round | Prize Money |
| Champion | $730,000 |
| Finalist | $400,000 |
| Semi-finalist | $227,500 |
| Quarter-finalist | $128,000 |
| R16 | $75,000 |
| R32 | $53,000 |
| R128 | $36,000 |
2024 Australian Open Mixed Doubles Prize Money (per team)
| Round | Prize Money |
| Champion | $165,000 |
| Finalist | $94,000 |
| Semi-finalist | $50,000 |
| Quarter-finalist | $26,500 |
| R16 | $13,275 |
| R32 | $6,900 |
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