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SYDNEY – Next month s Australian Open will offer Aus$50 million (US$36.25 million) in prize cash, with the men s and ladies s singles champions both mesh a cool $3.7 million, coordinators said on Wednesday.

Tennis Australian Open prize money rises to $36m

The competition record tote, up 14 percent on the 2016 release, additionally offers players $50,000 regardless of the possibility that they lose in the first round.

“It was particularly vital for us to build the remuneration for players in the early adjusts and qualifying, and this year we have made some genuine increases,” competition chief Craig Tiley said in an announcement.

“Our point is to move the earn back the original investment point for expert players, to guarantee that tennis is a suitable profession alternative for the best male and female competitors on the planet,” he included.

Prize cash for qualifying matches at the year s initial tennis Grand Slam is up 39 percent, and the $50,000 compensate for coming to cycle one is an ascent of 30 percent.

By correlation, a year ago s US Open offered an aggregate handbag of US$46.3 million, while players won 28.1 million pound (US$34.7 million) at Wimbledon and 32 million euros (US$33.3 million) at the French Open.

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