Australian Open 2022: Purse, prize money, complete breakdown
The Australian Open will begin on 17 January 2022. This year the organizers have announced a 4.5% increase in the total prize money for the Grand Slam.
As a result, the total prize money has shot up to $54.2 million or $75 million (AUD), from $51.6 million last year.
2022 Australian Open Prize Money with $54 million on offer #Tennis tennisuptodate.com/atp/2022-austr… https://t.co/koe0W1VC2x
Known as the 'Happy Slam', the Australian Open ranks second in terms of total prize money. Only the US Open has a larger prize pool, which stood at $57.5 million (USD) in 2021.
At the Australian Open last year, Novak Djokovic and Naomi Osaka received paychecks of $2 million , while runners-up Daniil Medvedev and Jennifer Brady accumulated a total of $1.1 million each. However, the players who will conquer Melbourne Park this year will get a total of $3.2 million, with the runners-up receiving $1.6 million, amounting to an increase of 60% and 6% respectively.
The winners' paycheck at the 2022 Australian Open is more than the amount that Daniil Medvedev and Emma Raducanu received after winning the 2021 US Open title, i.e $2.5 million.
Similarly, the prize money of the semifinalists and quarterfinalists have also been increased by the Australian Open management. While a semifinalist and quarterfinalist received $614,160 and $379,330 respectively in 2021, they will be paid $794,790 and $433,590 next year -- a hike of 29.41% and 12.5% respectively.
The Australian Open management reduces prize money for qualifiers and early exiters
Despite raising the total prize pool, the Australian Open management has reduced the amount will be given to qualifiers and players that suffer early exits.
While the players who reached the third qualifying round made $37,940 in 2021, they will be getting $36,120 next year in Melbourne. Similarly, those reaching the first, second, third, and fourth rounds received a paycheck of $72,240, $108,350, $195,290, $231,130 in 2021 but if they manage to advance to the same stage, they will now get $65,000, $101,120, $130,000, and $216,670 respectively, a reduction between 10-16.2%.
2021 Australian Open prize money
(in AUS dollars, not real ones)
No tax withheld in qualifying.
Tax for NON-resident main draw players varies from 32.5% for R128 to almost 45% for W (in doubles — from 32.5% to 38%). https://t.co/Ctspss4VON
Doubles players will receive paychecks as follows at the 2022 Australian Open
Winners: $577,790
Runners-up: $288,890
Semifinalists: $144,450
Quarterfinalists: $79,450
Round-3: $44,780
Round-2: $28,890
Round-1: $18,050