COVID-19 pandemic has taken its toll on everyone. But the Australian Open is increasing the total prize money for the first grand slam of the year by approximately 13% compared to last year.
But the increased total prize money for the tournament doesn’t mean that everyone will get more prize money. As the table below shows, most of the increase goes to players who lose in the early rounds and in the qualifying rounds. Lower ranked players have been struggling financially due to fewer opportunities to play as tournaments have either been canceled or their prize money slashed drastically.
Winners of the singles competition will see their prize money drop 33% compared to last year. The 2021Australian Open singles winner will still take home AUD$ 2.75 million. Doubles and mixed doubles winners will see their earnings drop 21% relative to last year.