Serbia's Novak Djokovic returns to Switzerland's Roger Federer during the men's singles final match on day eight of the ATP World Tour Finals tennis tournament in London on November 22, 2015. AFP PHOTO / GLYN KIRK (Photo credit should read GLYN KIRK/AFP/Getty Images)
This year's prize pool has once again increased, with the winner of the men's and women's singles earning an astonishing $3,400,000.
The total prize pool has increased to a total of $44 million for 2016, with $30 million going towards the men's and women's singles.
2016 Australian Open singles prize money:
Winner: $3,400,000
Finalist: $1,700,000
Semi-finalist: $750,000
Quarter-final: $375,000
Round of 16: $193,000
Round of 32: $108,000
Round of 64: $67,000
Round of 128: 38,500