Australian Open Money Pot Grows
As it tries to combat corruption at the lower rungs of the sport, this year's Australian Open will have a record $36 million prize pot. The biggest gains were for the sport's lowest-ranked players. Those competing in the qualifying event at the 2017 Australian Open in January will get a pay increase of 39%, while reaching the first three rounds of the main singles draw will be rewarded with a rise of as much as 30%.
Australia Open is offering $36 million as prize money, with the men’s and women’s singles both taking home #3,7 million, according to the organizers.
The rise marks a 14 percent rise from 2016, and offers players a cool $50,000 if they lose in the first round.
Tournament director Craig Tiley said in a statement, "It was especially important for us to increase the compensation for players in the early rounds and qualifying, and this year we have made some real gains. Our aim is to shift the break-even point for professional players, to ensure that tennis is a viable career option for the best male and female athletes in the world," he added.