Australian open 2016 has increased the prize money up to 10% compared to the last year 2015. If the sources are to be believed, Australian open 2016 have already brought some wonderful news regarding the great improvement in the prize money. As per the news, it is expected to see a whopping 10% increase in the total prize money, which is estimated to reach around 44 million dollars. In contrast with the prize money of 40 million
In contrast with the prize money of 40 million dollars that was given back in 2015, this total amount is a massive increment in the history of Australian Open matches that has ever been played. As per the recent sources, men and women championship will be awarded a prize of 3.85 million dollars each. This growth has been conducted as part of a yearly contract where the four most popular grand slams have been persistently increasing the prize money every year. Till date, US open Prize Money has been the maximum paying grand slam with prize money of over 42.35 million dollars which was offered in the 2015 competition.
The chairman of the Board has sustained his assurance of providing the highest prize money among all the matches that have ever been played in the history of grand slams, and offering the most productive purses in all the sports. The increase will undoubtedly dedicate the players towards winning their qualifying rounds for singles and they would pull off a massive pay of nearly double the prize money in comparison to what they were rewarded back in 2015.
The winners of the first round, second round and the third round of Men’s singles qualifiers will be paid a massive pay of around 34,500$, 60,000$ and 97,500$ respectively, which is the highest and most lucrative prize money that has ever been awarded.
Australian Open 2016 Prize Money Tennis - Breakdown
| STAGES | Mens Singles | Women Singls | Mens Doubles | Women Doubles | Mixed Doubles |
| Winners | $3.8m | $3.8m | $650,000 | $650,000 | $150,500 |
| Runnerups | $1.9m | $1.9m | $325,000 | $325,000 | $75,500 |
| Semi-Finalists | $800,000 | $800,000 | $160,500 | $160,500 | $37,500 |
| Quarter-Finalists | $400,000 | $400,000 | $80,000 | $80,000 | $18,750 |
| 4th Round | $200,000 | $200,000 | $40,000 | $40,000 | $9,000 |
| 3rd Round | $97,500 | $97,500 | $23,000 | $23,000 | $4,500 |
| 2nd Round | $60,000 | $60,000 | $14,800 | $14,800 | |
| 1st Round | $34,500 | $34,500 | |||
| TOTAL | $15m | $15m | $2.6m | $2.6m | $500,000 |
The winners of both Men and Women Doubles would also reach an increment with around 6,50,000$ of prize money to the winners and around $3,25,000 to the runners up. In the last couple of years, Australian open have seen a massive increase and will continue to experience the same in the coming years. This year’s Australian open is scheduled to play from 18th January to 31st January 2016 in Melbourne.
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