Novak Djokovic and the rest of the world's premier tennis players will compete for more than $100 million in prize money over the Australian summer.
The historic high mark comes from a record $76.5 million Australian Open purse and the addition of the lucrative new United Cup mixed teams event to start the season.
The men's and women's singles champions at Melbourne Park will receive $2.975 million each after officials on Thursday announced an overall increase of 3.4 per cent on last summer's Open riches.
There are prize money increases in every Open round, including qualifying, where a first-round participant will earn $26,000.
First-round main draw singles players are set to take home $106,250 and those reaching the second round will pocket $158,850.
Australian Open tournament director Craig Tiley said the pay rises are part of an ongoing focus to invest in the global player pool.
"At the Australian Open we've upped prize money for every round from qualifying through to the finals, with the major increases in the early rounds, where these substantial rewards help players invest in their own careers and in many cases, set themselves up for success throughout the year," Tiley said.
Prize money is equal for players in the women's and men's draws.
Nine-time Open winner Djokvovic was blocked from defending his crown last summer when he was deported over his refusal to be vaccinated against COVID-19.
The Serbian superstar will make a highly anticipated return to Melbourne Park next month, with question marks hanging over what sort of reception he will receive from local fans.
Djokovic landed in Australia this week and has been listed to play at the Adelaide International, which starts on January 1.
Defending men's champion Rafael Nadal is part of the Spain team competing at the United Cup, where women's world No.1 Iga Swiatek is representing Poland.
The United Cup - an ATP-WTA event in partnership with Tennis Australia - carries $US15 million ($A22m) in prize money and up to 500 rankings points.
Australian Open 2023 prize money fast facts:
* First-round qualifiers: $26,000, up 3.0 per cent
* First-round doubles teams: $30,975, up 3.1 per cent
* First-round main-draw singles: $106,250, up 3.2 per cent
* Second-round singles: $158,850, up 3.1 per cent
* Singles semi-finalists: $925,00, up 3.4 per cent
* Singles champions: $2.975 million
* Total Open prize purse: $76.5 million, up 3.4 per cent
