British Open prize money rises to $14 million

The Open Championship Preview – St Andrews, Scotland, Britain – April 26, 2022 The Claret Jug is pictured ahead of The Open Championship Action Images via Reuters/Paul Childs

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July 8 (Reuters) – The prize money on offer for this year’s British Open has risen 22% to a total of $14 million, with the winner set to take home $2.5 million, organizers the Royal and Ancient St Andrews Golf Club (R&A) said Friday.

The 150th edition of the British Open will be played in St Andrews and is expected to attract a record attendance of 290,000 people. Read more

The increase in prize money comes in the wake of the PGA Tour unveiling bigger prize money for the 2022-23 season in response to the lucrative LIV Invitational Series. Read more

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The Saudi-backed series offers $25 million in prize money in seven out of eight events and a $50 million prize fund in the series finale.

“There have been significant changes in prize money over the past year,” said R&A managing director Martin Slumbers. “So we have increased the allocation by 22%, which means that the allocation has increased by more than 60% since 2016.

“We have made this substantial investment while balancing our broader commitments to grow golf at all levels around the world and continue to elevate the AIG Women’s Open.”

The sport’s oldest championship will increase its prize further if more than 70 professional golfers qualify for the final two rounds.

The British Open has historically offered smaller purses than the other three majors, with the US Open offering $17.5 million this year, while the US Masters and PGA Championship offered $15 million each.

The tournament will take place from July 14 to 17.

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Reporting by Aadi Nair in Bengaluru Editing by Christian Radnedge

Our standards: The Thomson Reuters Trust Principles.

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