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Record 29.32 million pound prize purse for 2017 Australian Open
December 21, 2016 / 10:53 AM / a year ago

Record 29.32 million pound prize purse for 2017 Australian Open

(Reuters) - The Australian Open has increased its total prize purse by 14 percent to a record A$50 million (29.32 million pound), with A$3.7 million up for grabs for the winners of the singles tournaments, organisers said on Wednesday.

An Australian Open logo is projected onto the court at Rod Laver Arena before the men's singles quarter-final match between Roger Federer of Switzerland and Jo-Wilfried Tsonga of France at the Australian Open tennis tournament in Melbourne, January 23, 2013. REUTERS/David Gray

The prize money for the season’s opening grand slam has more than tripled since 2001, and risen A$10 million since 2014.

Tournament director Craig Tiley said in a statement that organisers were focussed on increasing compensation for players in the early rounds and qualifying, with first round losers set for an A$50,000 windfall, up 30 percent from last year.

Similarly, second round prize money has risen 29 percent to A$80,000, with third and fourth round losers to earn A$130,000 and $220,000 respectively. Total prize money for the quarter-finals, semi-finals, runners up and winner is up 9 percent.

The Australian Open starts on Jan. 16 in Melbourne.

Reporting by Shravanth Vijayakumar in Bengaluru

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