MELBOURNE: The prize fund for this year’s Australian Open has been increased by 16 percent to A$111.5 million ($74.88 million), ​making it the largest purse in the tournament’s history, organizers announced on Tuesday.

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The two singles champions will each pocket A$4.15 million, up from the A$3.5 million which Jannik Sinner and Madison Keys took home last year.

“This ‌16 percent increase demonstrates ‌our commitment to ‌supporting ⁠tennis ​careers ‌at every level,” said Tennis Australia CEO Craig Tiley.

“From boosting qualifying prize money by 55 percent since 2023 to enhancing player benefits, we’re ensuring professional tennis is sustainable for all competitors.”