The R&A have upped their complete prizefund for the championship by a whopping 22% from 2021 to £11.8 million ($14 million).
The champion golfer at St Andrews subsequent week will win £2.1 million ($2.5 million). Second place will take dwelling £1.22 million ($1.455m) whereas third place receives £782,000 ($933,000).
The winner of the one hundred and fiftieth Open Championship at St Andrews subsequent week will take a file £2.1 million first prize.
Even the competitor ending final on the Previous Course subsequent week is assured a cheque for £5,863.
America’s Collin Morikawa took dwelling £1.76 million together with his victory at Sandwich final 12 months, with runner-up Jordan Spieth getting simply over £1 million.
It nonetheless means The Open is fourth in payout of the 4 golf majors. The Masters and PGA Championship each have complete prizefunds of £12.56 million . Final month’s US Open paid out a file complete of £14.65 million.
With common occasions within the Saudi-funded LIV Golf Tour now paying out a minimal of $4 million (£3.35m) to winners, the massive rise in prizemoney was largely anticipated because the majors search to take care of their major place within the recreation.
R&A chief government Martin Slumbers famous the “important adjustments in prize cash” in golf during the last 12 months.
“Now we have due to this fact elevated the prize fund by 22%. Which means that the prize cash has elevated by greater than 60% since 2016.
“Now we have made this substantial funding whereas balancing our wider commitments to growing golf in any respect ranges around the globe and to persevering with to raise the AIG Ladies’s Open.”
The primary prize has risen slightly below £1m because the final time the Open was at St Andrews in 2015. The USA’s Zach Johnson gained the Claret Jug and £1.15 million that 12 months.
Tiger Woods gained simply £720,000 for the second of his Open wins at St Andrews in 2005. 15 years earlier, Nick Faldo gained a mere £85,000 at St Andrews when he gained his second Open title.
The Open didn’t even pay prizemoney within the first three variations of the championship, held within the 1860s. The whole prizefund for the 1863 championship, competed for by simply 14 gamers, was £10.