Australian Open 2013 sets record-setting prize money at $30 Million

The 2013 edition of Australian Open will feature a record-setting total prize money of AUD$30 million. The officials of the first Grand Slam event of the calendar year revealed that there will be more prize money per round compared to any other tennis event.

The Australian Open 2013 men’s and women’s singles titlists will each get AUD$2,430,000, which is the biggest prize money so far in tennis.

Here are the other highlights of this latest development as stated in Australian Open’s official website:*

* The biggest percentage increases were in the first three rounds: first round up to $27,600 (up 32.7% from $20,800), second round up to $45,500 (up 36.6% from $33,300) and third round to $71,000 (from $54,625, up 30%).
* Prize money for the three rounds of qualifying has gone up nearly 15%
* First round doubles prize money has increased more than 30%
* Round of 16, quarters, semis have all gone up more than 14%

Tennis Australia, the organizers of the Australian Open, revealed that it had conducted an extensive consultation with the ATP Tour and WTA Tour officials pertaining to a four-year plan for prize money increases.

“Our motivation is to make a major contribution toward helping ensure professional tennis players can make a decent living. As we have said in the past, it is a real issue and needs to be urgently addressed throughout the sport,” said Australian Open Tournament Director Craig Tiley.

“That is why the biggest increases are in the earlier rounds, qualifying and doubles which in effect rewards a lot of the lower ranked players for their achievements which, by the way, should not be undersold. To just reach the main draw of a Slam, a professional tennis player has to be among the top 100 in what is one of, if not the most, competitive professional sport in the world.”

“At the same time we also still want to continue to recognise the incredible drawing power and contribution of the top players.

“It is always a balance which is why we undertook unprecedented consultation on this subject with the tours and players who have been extremely supportive. We will not be stopping here. There will be more talks and more increases during the next four years. This is just a very positive first step,” he added.