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Australian Open announces prize money increase

Melbourne, Australia: Australian Open organizers say the tournament will increase its prize money by $3 million next year to bring overall player compensation to $31 million.   In keeping with player demands to see a larger

India TV News Desk [ Updated: October 02, 2013 12:57 IST ]
australian open announces prize money increase
australian open announces prize money increase

Melbourne, Australia: Australian Open organizers say the tournament will increase its prize money by $3 million next year to bring overall player compensation to $31 million.

   



In keeping with player demands to see a larger slice of Grand Slam revenues, all four of the sport's most prestigious tennis tournaments have greatly increased their prize money in the past two years.
   
Wimbledon now offers about $36.5 million, while the U.S. Open increased its purse to $34.3 million and the French Open went up to $29.7 million.
   
Australian Open organizers did not break down the prize money awarded per round at their launch Wednesday for the Jan. 13-26 tournament, but men and women will receive equal amounts as in previous years.
  
Novak Djokovic and Victoria Azarenka are the defending champions at Melbourne Park.

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