The Australian Open prize pot has been increased by 10 per cent to $55 million (AUD) (£31.8m) for this year’s edition.
Players will earn £28,900 for appearing in the first round with a total of £31.8million to be shared among men and women stars throughout the first major of the season.
The men’s and women’s winners will pocket a $4-million (£2.32m) cheque which is up from £2.14m in 2017.
Finalists will earn £1.16m for their efforts while first-round losers stand to earn £28,900.
Australian Open 2018 prize money :
Prize money of all Grand Slams
|Roland Garros (2017)||£1.8m||£859k||£29.6k|
The US Open remains the most lucrative slam of the four majors. Last year Rafael Nadal and Sloane Stephens both received £2.74m each for winning their respective single’s titles.