The winner of The 152nd Open Championship at Royal Troon will receive $3.1 million (£2.4m) in prize money.
The Champion Golfer of the Year will receive the highest figure in The Open's history as he returns to Ayrshire's famous links for the tenth time.
The IR&A has announced that the total prize fund for The Open will be $17 million (£13m), which represents an increase of $500,000 by 2023.
Martin Slumbers, CEO of The R&A, said, “The IR&A is responsible for finding the right balance between maintaining The Open's position in the global game, providing the necessary funding to manage and develop legendary and recreational golf in 146 countries around the world.
“We have to make decisions if we want to continue to drive significant growth in a significant contribution to the future of golf.
“We are still concerned about the impact of the increase in men's prize money on the outlook of the sport and its long-term financial sustainability. We are determined to act in the best interests of this global sport as we pursue our mission to ensure that golf continues to thrive for the next 50 years.”
The last time Royal Troon hosted The Open in 2016, winner Henrik Stenson took home $1.55m, meaning the first prize has almost doubled over the past eight years, while the total prize fund has increased by 98% over the same period.
Despite these recent increases, The Open still offers the lowest prize purse and first prize of the four major tournaments.
The 2024 US Open boasted a prize fund of $21.4m (up 75% from 2021), with champion Bryson DeChambeau winning $4.3m. The Masters, which has a much smaller field than the other majors, had a prize fund of $20m this year (up by £2m in 2023), with $3.6m going to the winner, Scottie Scheffler. The 2024 PGA Championship had a prize fund of $18.5m (up from $17.5m in 2023), with Xander Schauffele winning $3.33m.
2024 Open Championship Prize Money Allocation
| Location | USD | Location | USD |
| 1 | $3,100,000 | 36 | $88,700 |
| 2 | $1,759,000 | 37 | $84,600 |
| 3 | $1,128,000 | 38 | $80,300 |
| 4 | $876,000 | 39 | $77,400 |
| 5 | $705,000 | 40 | $74,900 |
| 6 | $611,000 | 41 | $71,800 |
| 7 | $525,000 | 42 | $68,300 |
| 8 | $442,500 | 43 | $65,200 |
| 9 | $388,000 | 44 | $61,500 |
| 10 | $350,600 | 45 | $58,000 |
| 11 | $319,200 | 46 | $55,000 |
| 12 | $282,800 | 47 | $52,800 |
| 13 | $266,000 | 48 | $50,700 |
| 14 | $249,000 | 49 | $48,400 |
| 15 | $231,000 | 50 | $47,200 |
| 16 | $212,700 | 51 | $46,200 |
| 17 | $202,400 | 52 | $45,400 |
| 18 | $193,000 | 53 | $44,700 |
| 19 | $184,900 | 54 | $44,000 |
| 20 | $176,200 | 55 | $43,300 |
| 21 | $168,000 | 56 | $42,700 |
| 22 | $159,600 | 57 | $42,300 |
| 23 | $151,000 | 58 | $42,000 |
| 24 | $142,600 | 59 | $41,700 |
| 25 | $137,800 | 60 | $41,400 |
| 26 | $131,800 | 61 | $41,200 |
| 27 | $127,000 | 62 | $41,000 |
| 28 | $122,600 | 63 | $40,800 |
| 29 | $117,300 | 64 | $40,600 |
| 30 | $111,200 | 65 | $40,300 |
| 31 | $107,600 | 66 | $40,000 |
| 32 | $102,100 | 67 | $39,700 |
| 33 | $98,500 | 68 | $39,400 |
| 34 | $95,700 | 69 | $39,100 |
| 35 | $92,400 | 70 | $38,900 |
If more than 70 professional golfers qualify for the final two rounds, additional prize money will be added. The prize money will decrease by $125 for qualifying places over 70 to a minimum of $37,650.
For those who missed the cut, the top 10 pros and cons will be paid $12,350; the next 20 also pocket $10,300, while the rest will receive $8,750.
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