Open Championship Prize Money Increased

The Open Championship has increased its prize fund to £4.8m for its 150th anniversary this year.

It is the first increase in the money on offer since 2006, when Tiger Woods won £720,000 at Hoylake.

The winner will receive £850,000 for walking away with the Claret Jug at St Andrews this year.

‘Over the last 18 months we have had to take account of the pound’s weakened position against the US Dollar and the Euro and we have increased our prize money accordingly,’ said Royal and Ancient Club chief executive Peter Dawson.

The runner-up will pick up £500,000 and even the player finishing 156th and last will earn £2,250.