• Loading stock data...
Sunday, February 25, 2024
Rates for the 2024 Best Venue Awards increase this Sunday at 11:59 p.m. ET

Australian Open Serving Up a Big Purse Increase

  • The Australian Open will pay out nearly $60 million this year.
  • That purse is higher than last year’s Wimbledon and French Open.
Australian Open
Mike Frey-USA TODAY Sports

The Australian Open begins this weekend, and the first Grand Slam of 2024 looks to set the tone for the biggest tennis events of the year.

Players at Melbourne Park will be competing for about $60 million after the Australian Open made a record 13% increase to its overall prize fund for this year’s tournament. That’s a bigger purse than last year’s French Open and Wimbledon, but still less than the U.S. Open. And once the other three tennis Grand Slams approach, each likely delivering their own annual financial boosts, the Australian Open could still be near the bottom of the prize pool.

Here’s what 2023 looked like:

  • U.S. Open: $65M (up from $60M in 2022)
  • Wimbledon: $57M (up from $50M)
  • French Open: $53M (up from $46M)
  • Australian Open: $53M (up from $49M)

Rafael Nadal isn’t competing in Melbourne this year due to injury, after initially hoping to play the Australian Open. And the tournament is expanding from 14 to 15 days in what organizers are calling an effort to better spread out matches after recent editions have seen many run into the middle of the night. But ESPN tennis analyst John McEnroe sees it otherwise. “It’s a money grab as far as I’m concerned,” he said ahead of the tournament. “They just found another way to make some money. I don’t agree with it.”

McEnroe will be back with ESPN at the Australian Open after the network opted to not send him and many other commentators to Melbourne for last year’s event, resulting in some harsh criticism of ESPN’s remote broadcasts, which were seen mostly as a cost-cutting move.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

WBD Touts Streaming Profit, Sports Alliance While Stock Is Hammered

TNT Sports parent sees tough reaction from Wall Street to latest earnings.

Despite Nike’s Efforts, MLB Uniform Controversy Isn’t Looking Good

Manufacturer touts product benefits but ignores complaints of see-through fabric.

‘Treated Like Children’: College Football Players Offered $600 to Be in Video Game, No Royalties

Players may be receiving lower than the industry standard with the video game’s return.
A Bundesliga camera operator during a match

Fan Power in European Soccer Grows As German Football Deal Scuttled 

Weeks of increasingly strident protests lead to end of proposed private equity deal.
podcast thumbnail mobile
Front Office Sports Today

How the Negro Leagues Are Staying in the Game

0:00
0:00

Featured Today

Sham Gods: The Rapidly Growing World of Sports Impersonators on X

Fake Schefters and Wojs, fabricated trade demands, and borrowed profile pictures.
Sep 24, 2023; Oakland, California, USA; A general view of the Oakland Athletics dugout after the game against the Detroit Tigers at Oakland-Alameda County Coliseum.
February 24, 2024

Murky Future: Everything You Need to Know About the A’s Move to Las Vegas

Breaking down one of the most drawn-out, multifaceted sagas in sports.
February 18, 2024

Sabrina-Steph Wasn’t the ‘Battle of the Sexes’—But It Was Part of the Bigger War

The competition could play a factor in increasing the WNBA’s media value.
NASCAR Cup Series driver Bubba Wallace (23), in a Star Wars rebel alliance X-wing fighter pilot-inspired race suit, motions to the crowd to get louder during the driver introductions for the Cup Series Championship race at Phoenix Raceway in Avondale on Nov. 5, 2023.
February 17, 2024

Celebrity Owners, International Ambitions, and $7B Media Deals: Welcome to the New NASCAR

NASCAR boldly keeps pace with the increasingly competitive sports and entertainment world.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Finance Manager
FanDuel
New York, NY
Senior Technical Artist - Sports Technology
EA Sports
Orlando, FL
Assistant Manager, Affiliate Operations
Adidas
Portland, OR
Lionel Messi

Copa América Tickets Climb in Latest Lionel Messi Effect

Tickets for Argentina’s game in Miami are pushing five figures.
Manchester United
February 15, 2024

Manchester United Created Europe’s Most Expensive Team Ever

The team cost a record $1.531 billion in transfer fees.
German protests
February 21, 2024

German Football League Abandons Outside Investment After Protests

Bundesliga rethinks $1 billion media rights plan.
Sponsored

Live Sports Are Now High-Tech Experiences

Oracle is leading the technology revolution happening in stadiums across the world.
Zambia forward Racheal Kundananji
February 14, 2024

NWSL’s Bay FC Breaks Women’s Soccer Transfer World Record: $787,600

The league’s record-breaking new media rights deal is trickling down to players.
Messi
February 9, 2024

Lionel Messi’s Week From Hell

The Argentine soccer star’s Sunday DNP became the biggest absence of his career.
NYC Mayor Erica Adams wants the 2026 World Cup Final at MetLife Stadium
February 4, 2024

MetLife Stadium to Host 2026 Men’s World Cup Final, Beating Dallas and L.A.

It’s the second time the World Cup comes to the region.
Peter Thiel
February 2, 2024

An Olympics With Doping? Big Money Is Backing a Controversial Sports Start-Up

Billionaire Peter Thiel backs new competition openly encouraging PED use.