Australian Open to increase prize money

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Australian Open to increase prize money

Published: 02 Oct. 2013, 19:57

The Australian Open is increasing its prize money by $3 million to bring overall player compensation to $31 million next year.

In keeping with player demands to see a larger slice of Grand Slam revenues, all four of the sport’s Grand Slam tournaments have greatly increased their prize money in the past two years. Wimbledon now offers about $36.5 million, while the U.S. Open increased its purse to $34.3 million and the French Open went up to $29.7 million.

Australian Open organizers did not break down the prize money awarded per round at their launch Wednesday for the Jan. 13 to 26 tournament, but men and women will receive equal amounts, as in previous years.