The Australian Open has announced a record prize money pool of A$111.5 million for the upcoming tournament, marking a 16% increase from last year. Winners of the men's and women's singles will each receive A$4.15 million. Organizers stated this hike, part of a larger A$135 million investment in the 'Summer of Tennis,' aims to support players at all levels and ensure the sport's sustainability. First-round main draw exits will earn A$150,000, with qualifying round participants also seeing increased payouts.