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Aussie Open increases prize money

Updated: October 2, 2013, 12:02 AM ET
Associated Press

MELBOURNE, Australia -- Australian Open organizers said Wednesday that the tournament will increase its prize money by AU$3 million ($2.8 million) next year to bring overall player compensation to AU$33 million ($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 22.6 million pounds ($36.5 million), ...

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