British Open prize money increases to $14 million

London, July 8 (BUS): The prize money offered for this year’s British Open has increased 22% to $14 million, with the winner set to receive $2.5 million from the organizers Royal and Ancient Golf Club of St Andrews (R&A). ) Friday.

According to Reuters, the 150th edition of the British Open will take place in St Andrews and is expected to attract a record attendance of 290,000.

The increase in prize money comes on the heels of the PGA Tour unveiling larger portfolios for the 2022-23 season in response to the lucrative LIV Invitational Series.

The sponsored series offers a conservative Saudi worth $25 million in seven of eight events and a $50 million prize fund at the series’ conclusion.

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

“We have made this significant investment while balancing our broader commitments to developing golf at all levels around the world and continuing to raise the profile of the AIG Women’s Open.”

The oldest tournament in the sport will boost its prize fund even more if more than 70 professional golfers have made the cut in the last two rounds.

The British Open has historically offered smaller portfolios than the other Big Three, with the US Open offering $17.5 million this year, while the US Masters and PGA have offered $15 million each.

The tournament will run from July 14-17.

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