• Loading stock data...
Friday, April 10, 2026

Australian Open Announces Record Purse Following PTPA Settlement

Tennis players are pushing for an additional share of revenue from the four Grand Slams.

Jan 26, 2025; Melbourne, Victoria, Australia; Jannik Sinner of Italy and Alexander Zverev of Germany share a moment during the prize presentation of the men's single final at the 2025 Australian Open at Melbourne Park.
Mike Frey-Imagn Images

The Australian Open has announced a record purse for the 2026 tournament just weeks after Tennis Australia and the Professional Tennis Players’ Association said they are finalizing a settlement on a lawsuit that alleged the Grand Slams have suppressed prize money from players.

Tennis Australia announced Tuesday that the purse for the 2026 Australian Open is about $75.1 million ($111.5 million AUD), a 16% increase from last year. Each men’s and women’s singles champion will walk away with close to $2.8 million ($4.15 million AUD), up 19% from last year.

The Australian Open has generally had the lowest purse of the four major tournaments, though this year’s purse has eclipsed last year’s Wimbledon purse of about $72 million (£53 million) and Roland-Garros of around $64 million (€56.35 million).

The 2025 US Open still leads all tournaments with $90 million in total compensation: $85 million in prize money and $5 million in additional support for out-of-pocket expenses. The runner-ups at the 2025 US Open earned more ($2.5 million) than the champions at last year’s Australian Open (about $2.2 million).

In late December, the PTPA and Tennis Australia announced they “are working together to memorialize the terms” of a settlement, which is expected to be finalized in early 2026. 

The lawsuit was originally filed in March 2025 against the ATP and WTA Tour, while the organizers of the four Grand Slams were included as defendants in June. It alleged that the tours and organizers operated as a “cartel” conspiring to limit prize money through a grueling 11-month tennis schedule.

U.S. tennis player Reilly Opelka and Australia’s Nick Kyrgios were among the players named as plaintiffs in the suit alongside the PTPA. Novak Djokovic, who co-founded the player’s organization, was not named in the suit. On Sunday, Djokovic announced his departure from the union.

But the lawsuit wasn’t the only course of action from the players.

In July, a group of tennis’s best players, including Jannik Sinner, Carlos Alcaraz, Aryna Sabalenka, and Iga Świątek, signed a letter asking the four Grand Slams to get a larger revenue share of the tournaments. Two months later, the players signed another letter that outlined more specific requests.

Players currently receive 16%, which aligns with the prize money amount at the 2026 Australian Open. They are requesting for the share to increase to 22% by 2030, citing the example set by U.S. leagues like the NFL and NBA where revenue share is close to 50–50. 

They also want the Slams to offer additional benefits including health care, maternity benefits, and an improved pension.

“We had good conversations with the Grand Slams at Roland Garros and Wimbledon, so it was disappointing when they said they cannot act on our proposals until other issues are resolved,” Sinner told the Guardian in October. “Calendar and scheduling are important topics, but there is nothing stopping the slams from addressing player welfare benefits like pensions and healthcare right now.”

Coco Gauff said at the China Open in September that the goal of adjusting revenue sharing is not only for the best players, but also for those lower in the rankings to make livable wages.

“We kind of want them to invest more in the tour as a whole, not only when it comes to prize money, but the wellbeing of players and just trickling that down, all the way down to the lower-ranked players as well. Our 200th best player, 300th best player are struggling to make ends meet,” Gauff said.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 29, 2025; Montreal, QC, Canada; Maya Joint (AUS) reacts after scoring a point against Leylah Fernandez (CAN) in first round play at IGA Stadium.

NCAA Proposes Prize Money Rule Change After Landmark Settlement

The change would allow players to accept prize money without affecting eligibility.

Pegula, WTA Stars Eye Live Podcast Shows at Tournaments

The show hosted by Jessica Pegula and Madison Keys is growing.

Charleston Open Director: Equal Prize Money Made Business Sense

The gender pay parity comes years ahead of schedule.
Mar 18, 2026; Miami Gardens, FL, USA; Workers dry Butch Buchholz Court during a rain delay on day 2 of the 2026 Miami Open at Hard Rock Stadium.

Miami Open Shuffles Match Schedule Due To Heavy Rain

The Miami Open cancelled all 37 matches Wednesday.

Featured Today

‘The Sonics Never Died’: The Long Afterlife of Seattle NBA Merch

Inside “the largest team shop for a team that doesn’t exist.” 
Mar 27, 2026; Washington, DC, USA;UConn Huskies forward Tarris Reed Jr. (5) dunks the ball against the Michigan State Spartans in the second half during a Sweet Sixteen game of the East Regional of the men's 2026 NCAA Tournament at Capital One Arena
March 28, 2026

March Madness Coaches Debate ‘Blueblood’ in NIL Era

The term’s meaning was up for debate at men’s March Madness.
Maxime Vachier Lagrave
March 25, 2026

The Planet’s Best Chess Players Are Having Their LIV Golf Moment

Chess’s most prestigious tournament is battling a splashy Saudi event.
Beau Brune/LSU
March 22, 2026

College Athletic Departments Are Becoming Media Companies

“There’s only so many tickets you can sell, but content is infinite.”
Aug 23, 2025; Phoenix, Arizona, USA; A general view of the MLB logo before the start of a game between the Cincinnati Reds and Arizona Diamondbacks at Chase Field.

MLB Sets 2026 Draft Slot Values, Could See First $10M Bonus

Bonus values in the upcoming event reach unprecedented levels.
Apr 2, 2026; Phoenix, AZ, USA; UCLA Bruins head coach Cori Close during practice prior to a 2026 NCAA Final Four women's basketball semifinal at Mortgage Matchup Center
April 3, 2026

Future of WNBA Draft Eligibility Rules Looms at Final Four

Not everyone is jumping to usher in a new era of eligibility.
Mar 30, 2026; Dallas, Texas, USA; Minnesota Timberwolves guard Anthony Edwards (5) looks on during the second half against the Dallas Mavericks at the American Airlines Center.
April 3, 2026

Cunningham, Edwards Out of NBA Season Awards Due to 65-Game Rule

Luka Dončić was injured Thursday after playing his 64th game.
Sponsored

Baseball Is Back: MLB Opening Day Prices Soar

MLB Opening Day ticket prices are at record highs. TickPick data breaks down demand, pricing trends, and where fans are paying the most.
Sponsored

Baseball Is Back: MLB Opening Day Prices Soar

MLB Opening Day ticket prices are at record highs. TickPick data breaks down demand, pricing trends, and where fans are paying the most.
April 2, 2026

The Masters Ticket Resale Crackdown Continues

Augusta National has tightened its grip on the secondary market.
April 2, 2026

Polymarket’s Sports Push Continues With LaLiga Deal

LaLiga is the latest in a series of sports deals for Polymarket.
April 1, 2026

Chicago Sky Sell Picks to Protect Team from WNBA Expansion Draft

The Sky will still have three picks in the draft.