The winner of The 150th Open at St Andrews will receive $2.5 million in prize money.
The Champion Golfer of the Year will receive the highest amount in The Open’s history as it celebrates the milestone of its 150th playing.
The R&A announced that the total prize fund for The Open, played from 14-17 July, will be $14m, a 22% increase on 2021.
Martin Slumbers, Chief Executive of The R&A, said: “There have been significant changes in prize money over the last year. We have therefore increased the prize fund by 22% which means that the prize money has increased by more than 60% since 2016. We have made this substantial investment while balancing our wider commitments to developing golf at all levels around the world and to continuing to elevate the AIG Women’s Open.”
If more than 70 professional golfers qualify for the final two rounds, additional prize money will be added. Prize money will decrease by USD125 per qualifying place above 70 to a minimum of USD30,950.
Non-qualifiers after two rounds: Leading 10 pro golfers and ties $10,500; next 20 and ties $8,500; remainder $7,000.
Prize money
| Place | USD | Place | USD |
| 1 | $2,500,000 | 36 | $73,500 |
| 2 | $1,455,000 | 37 | $70,000 |
| 3 | $933,000 | 38 | $66,500 |
| 4 | $725,000 | 39 | $64,000 |
| 5 | $583,000 | 40 | $62,000 |
| 6 | $505,000 | 41 | $59,500 |
| 7 | $434,000 | 42 | $56,500 |
| 8 | $366,000 | 43 | $54,000 |
| 9 | $321,000 | 44 | $51,000 |
| 10 | $290,000 | 45 | $48,000 |
| 11 | $264,000 | 46 | $45,500 |
| 12 | $234,000 | 47 | $43,700 |
| 13 | $220,000 | 48 | $42,000 |
| 14 | $206,000 | 49 | $40,000 |
| 15 | $191,500 | 50 | $39,100 |
| 16 | $176,000 | 51 | $38,200 |
| 17 | $167,500 | 52 | $37,600 |
| 18 | $159,750 | 53 | $37,000 |
| 19 | $153,000 | 54 | $36,500 |
| 20 | $145,750 | 55 | $35,900 |
| 21 | $139,000 | 56 | $35,400 |
| 22 | $132,000 | 57 | $35,000 |
| 23 | $125,000 | 58 | $34,750 |
| 24 | $118,000 | 59 | $34,500 |
| 25 | $114,000 | 60 | $34,250 |
| 26 | $109,000 | 61 | $34,000 |
| 27 | $105,000 | 62 | $33,900 |
| 28 | $101,500 | 63 | $33,750 |
| 29 | $97,000 | 64 | $33,600 |
| 30 | $92,000 | 65 | $33,400 |
| 31 | $89,000 | 66 | $33,100 |
| 32 | $84,500 | 67 | $32,900 |
| 33 | $81,500 | 68 | $32,600 |
| 34 | $79,250 | 69 | $32,400 |
| 35 | $76,500 | 70 | $32,200 |