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Australian Open Prize Money By Jonah Stephenson

The Australian Open is an event heralded for the prestige it brings to the table. It offers world-renowned fame, huge trophies and boatloads of prize money. The event is one of the four grand-slams in tennis, so it naturally has all of these things. The players play in the tournament for all of these reasons, but also to skyrocket their world ranking. It is a very hard event to qualify for, but in the end, the rewards offered outweigh the difficulties on the hard road to qualification.

Recently, the prize money for the event has been raised quite significantly. This applies to all rounds of the tournament, from the first round to the Grand Final, in the mens and womens tournaments. In comparison to the already tremendous amount of prize money offered, it may seem small. The main change to this system is that the womens and mens competitions now have equal prize money, while the mens division used to have more than the womens. The prize money is as follows:

1st round : $20,000 2nd round: $32,000 3rd round: $54,500 4th round: $93,000 Quarter Final: $210,000 Semi Final: $420,000 Runner Up: $1,100,000 Champion: $2,200,000

Many players have praised the new system, because they thought that it was unfair that women should earn less than men. These words have come from men and women alike. The doubles tournaments, however, have been kept the same. This may be because they are not as prestigious or popular, but Tennis Australia has not disclosed any reasons for this.

Tennis Australia has said that they raised the prize money to compete with the other Grand Slams, as they have much larger amounts of prize money. They also agreed with the players pleas, saying that the money should be equal for both genders. Whether you like it or not, the already ludicrous prizes have been raised for now.