Prize Money Breakdown 2023 Australian Open with $76.5m in total on offer, 3.4% increase in record amount

The 2023 Australian Open will have a record amount of prize money after an increase that will make both ATP and WTA players really happy with $76.5million on offer and will take place between 16–29 January 2023.

The total prize money is equally distributed among both Tour which makes this increase quite significant. It's the record amount for the event so far with over 76 million on offer. Craig Tiley commented on the increase by pointing out how the event plans to become even bigger in the future:

“It is critical to the continued success of the Australian tennis summer that we provide strong and relevant playing opportunities and ensure that the best players in the world are compensated appropriately. We want to ensure Australia is the launchpad for the global season and that we see as much of them as possible. They inspire us all to engage in this great sport as well as inspiring future generations."

He added:

“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.”

The total amount has increased 3.4 % and and each round has seen a similar increase including the qualifiers. Check out the full breakdown below.

Winner $2,975,000

Runner-up $1,625,000

Semifinalists $925,000

Quarterfinalists $555,250

Round of 16 $338,250

Round of 32 $227,925

Round of 64 $158,850

First round $106,250