Last Updated on January 16, 2023
Australian Open is the first Grand Slam event of the year. The tournament consists of five main events: men’s and women’s singles, men’s and women’s doubles, and mixed doubles. The first Grand Slam will take place on the hard courts at Melbourne Park in Melbourne, Australia.
Melbourne Park is a sports venue located in Melbourne, Australia. It is home to several courts, including the Rod Laver Arena, John Cain Arena and Margaret Court Arena, The Rod Laver Arena is the main stadium and can seat up to 15000 spectators, the second arena is John Cain Arena with a capacity of 10,500, while the Margaret Court Arena has a capacity of 7,500. In total there are 35 outdoor tennis courts at Melbourne Park they are also available for public use and for hosting other tennis tournaments and events
The 2023 Australian Open is the 111th edition of the tournament, the 55th in the Open Era. It will take place from 16 to 29 January 2023.
Australian Open Prize Money
The prize money purse at Australian Open in Melbourne has seen a slight increase for the 2023 tennis season. The total prize money on offer has reached an all-time high of AUD $76.5 million, which is a 3.38% increase from the previous year. The singles champion in Melbourne will receive just over 3.88% of that total – AUD $2,975,000 if he wins the trophy. The runner-up will also receive a healthy payout, pocketing AUD$1,625,000 for his efforts. There is a significant drop off in prize money after the semi-final stage, with the two losing players in that round taking home AUD $925,000 each. Those eliminated in the quarter-finals will receive AUD$ 555,250 for their efforts. First-round losers will walk away with AUD$106,250.
The below tables give you a full breakdown of prize money for the grand slam event in Melbourne this year.
Singles
| Stage | Prize Money $ AUD | Prize Money $ USD |
|---|---|---|
| Winner | $2,975,000 | $1,998,278 |
| Runner-up | $1,625,000 | $1,091,496 |
| Semifinal | $925,000 | $621,313 |
| Quarterfinal | $555,250 | $372,956 |
| Round 4 | $338,250 | $227,199 |
| Round 3 | $227,925 | $153,095 |
| Round 2 | $158,850 | $106,698 |
| Round 1 | $106,250 | $71,367 |
| Q3 | $55,150 | $37,044 |
| Q2 | $36,575 | $24,567 |
| Q1 | $26,000 | $17,464 |
Doubles
| Stage | Prize Money $ AUD | Prize Money $ USD |
|---|---|---|
| Winner | $695,000 | $466,748 |
| Runner-up | $370,000 | $248,485 |
| Semifinal | $210,000 | $141,032 |
| Quarterfinal | $116,500 | $78,239 |
| Round 3 | $67,250 | $45,164 |
| Round 2 | $46,500 | $31,228 |
| Round 1 | $30,975 | $20,802 |
Mixed Doubles
| Stage | Prize Money $ AUD | Prize Money $ USD |
|---|---|---|
| Winner | $157,750 | $105,984 |
| Runner-up | $89,450 | $60,097 |
| Semifinal | $47,500 | $31,913 |
| Quarterfinal | $25,250 | $16,964 |
| Round 2 | $12,650 | $8,499 |
| Round 1 | $6,600 | $4,434 |
How Australian Open Is Funded?
The Australian Open is funded through a combination of sources, including ticket sales, television rights, sponsorships, and merchandise sales. The tournament is also financially supported by the government of Victoria, Australia, where the event is held. Additionally, the tournament’s parent organization, Tennis Australia, also contributes to its funding.
Australian Open Prize Money History
| Year | Total Prize Money |
|---|---|
| 2023 | $76,500,000 |
| 2022 | $74,000,000 |
| 2021 | $71,500,000 |
| 2020 | $71,000,000 |
| 2019 | $62,500,000 |
| 2018 | $55,000,000 |
| 2017 | $50,000,000 |
| 2016 | $44,000,000 |
| 2015 | $40,000,000 |
| 2014 | $33,000,000 |
Also Read:
Grand Slam Prize Money Comparison
In the table below we gave data on how much money tennis players could earn at each grand slam tournament.
| Grand Slam | Prize Money | US Dollars |
| Australian Open | $76,500,000 | $53,550,000 |
| French Open | €43,600,000 | $43,308,534 |
| Wimbledon | £40,350,000 | $47,468,345 |
| US Open | $60,000,000 | $60,000,000 |
Who has the most Australian Open wins?
The best men’s athletes
The most titled athlete in the history of the Australian Open is Novak Djokovic, with nine victories under his belt. He won the first one in 2008 and the last one in 2021. Roger Federer has six wins in the Australian majors. Andre Agassi has won four times, as has Ken Rosewall. Mats Wilander won three times in the 80s. The Bryan brothers from the USA, who have won six times in Melbourne, are unbeaten in doubles.
The best women’s athletes
Margaret Court holds the record for the most Australian Open titles in women’s singles with 11 titles and 7 doubles titles. Serena Williams is not far behind with 7 singles titles and 3 doubles titles. Martina Navratilova has also had success at the Australian Open with 7 singles titles and 4 doubles titles.
Australian Open Ranking Points
The below tables give you a full breakdown of ranking points across the Australian Open event in Melbourne.
| Stage | Ranking Points |
|---|---|
| Winner | 2000 |
| Runner Up | 1200 |
| Semifinalist | 720 |
| Quarterfinalist | 360 |
| Round 4 | 180 |
| Round 3 | 90 |
| Round 2 | 45 |
| Round 1 | 10 |
