In just a short time, the Australian Open winners will be crowned.
And the prize got bigger and better this year. The event, which is already known for having one of the highest payouts in the sport, saw a big jump in prize money. Those who exit the tournament early will see the biggest difference in their rewards, as each competitor still sees a financial gain.
The Melbourne-based tournament is the first of the Grand Slam cycle this year, and it's setting up to be good start to the season with legendary rematches kicking off the semifinals.
MORE: Watch the 2024 Australian Open with Fubo (free trial)
With all the new excitement this year, take a look at the purse and prize breakdown of this year's Australian Open.
What is the Australian Open purse for 2024?
The total purse for the 2024 Australian Open is set at $57 million US, or $86.5 million Australian. It's a 113 percent increase from last year.
How much money does the Australian Open 2024 winner get?
Winners of the men's and women's singles events will earn $2,130,975 (US) each. That's a 5.88 percent increase from the 2023 reward.
Men's and women's doubles victors will take home $497,827 while mixed doubles winners earn $112,523. Both prizes are increases from last year.
Prize money breakdown for Australian Open 2024
Men's and women's singles
| Place | Prize money |
| Winner | $2,130,975 |
| Runner-up | $1,166,963 |
| Semifinalist | $669,735 |
| Quarterfinalist | $405,900 |
| Round 4 | $253,688 |
| Round 3 | $172,508 |
| Round 2 | $121,770 |
| Round 1 | $81,180 |
Men's and women's doubles
| Place | Prize money |
| Winner | $497,827 |
| Runner-up | $272,782 |
| Semifinalist | $155,145 |
| Quarterfinalist | $84,290 |
| Round 3 | $51,147 |
| Round 2 | $36,144 |
| Round 1 | $24,550 |
Mixed doubles
| Place | Prize money |
| Winner | $112,523 |
| Runner-up | $64,104 |
| Semifinalist | $34,098 |
| Quarterfinalist | $18,072 |
| Round 2 | $9,053 |
| Round 1 | $4,705 |
Grand slam tournament prize money breakdown
Totals from 2023 based on current conversion rates (USD)
French Open
- Total: $53.03 million
- Winners: $2.49 million
- Runners-up: $1.24 million
- Semifinalists: $680,000
- Quarter-finalists: $432,266
- First round: $74,566
Wimbledon
- Total: $55.42 million
- Winners: $2.91 million
- Runners-up: $1.46 million
- Semifinalists: $740,000
- Quarter-finalists: $421,536
- First round: $68,189
US Open
- Total:$63.37 million
- Winners: $2.92 million
- Runners-up: $1.46 million
- Semifinalists: $750,000
- Quarter-finalists: $443,559
- First round: $79,450
