The Open Prize Money Payout 2024

A record prize is on offer at the 152nd Open this week at Royal Troon, with the winner set to earn over $3m

The Claret Jug on the first tee at Royal Troon
Players are competing for record prize money at The Open
(Image credit: Getty Images)

The Claret Jug is not the only prize on offer for players competing in the 152nd Open this week, with the R&A announcing the biggest ever prize pool at the final men's Major of 2024. 

The winner of The Open at Royal Troon will receive $3.1m in prize money, with the overall payout for the tournament increasing by $500,000 to $17m.

There is also a hefty consolation prize for those who narrowly miss out on becoming the Champion Golfer of the Year, with second place taking home $1.75m and third claiming seven figures at $1.1m.

Nevertheless, the money on offer is lower than all three of the other men's Majors of 2024. April's Masters at Augusta National offered $20m, while the PGA Championship the following month had a payout of 18.5m, with $21.5m available at the US Open, where Bryson DeChambeau claimed $4.3m after defeating Rory McIlroy in dramatic fashion on the final day. 

Brian Harman is the defending champion at Royal Troon after earning $3m for his win in 2023. However, he appeared unlikely to repeat the feat as the final round of the 2024 tournament began, starting 10 behind overnight leader Billy Horschel. As to who will claim the Claret Jug and the $3.1m first prize, that was anyone's guess heading into Sunday's action, with 12 players all within four shots of the lead as play began.

Billy Horschel during the third round of The Open

Billy Horschel held the overnight lead heading into the final round of The Open

(Image credit: Getty Images)

While big names including Xander Schauffele and Scottie Scheffler still had realistic hopes of glory at the start of play on Sunday, for many other high-profile players, including Tiger Woods and Rory McIlroy, their challenges were over after just two days when they missed the cut.

Scottie Scheffler takes a shot at The Open

Scottie Scheffler was one of many players in contention for the Claret Jug heading into Sunday

(Image credit: Getty Images)

For those players, there was still prize money on offer, with the leading 10 players who missed the weekend earning $12,350. The next 20 golfers and ties earned $10,300, while the remaining competitors took home $8,750.

Despite the substantial purse for the 2024 event, CEO of The R&A Martin Slumbers has expressed concerns over the trend of increasing prize money in the men's game.

Before the 2024 tournament, he said: “We remain concerned about the impact substantial increases in men’s professional prize money are having on the perception of the sport and its long-term financial sustainability.”

While that is an issue for the men's game as a whole to grapple with, The Open remains one of the most lucrative events in the calendar.

Here's the full breakdown of this year's Open prize money.

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The Open Prize Money Payout
PositionPrize Money
1st$3,100,000
2nd$1,759,000
3rd$1,128,000
4th$876,000
5th$705,000
6th$611,000
7th$525,000
8th$442,500
9th$388,000
10th$350,600
11th$319,200
12th$282,800
13th$266,000
14th$249,000
15th$231,000
16th$212,700
17th$202,400
18th$193,000
19th$184,900
20th$176,200
21st$168,000
22nd$159,600
23rd$151,000
24th$142,600
25th$137,800
26th$131,800
27th$127,000
28th$122,600
29th$117,300
30th$111,200
31st$107,600
32nd$102,100
33rd$98,500
34th$95,700
35th$92,400
36th$88,700
37th$84,600
38th$80,300
39th$77,400
40th$74,900
41st$71,800
42nd$68,300
43rd$65,200
44th$61,500
45th$58,000
46th$55,000
47th$52,800
48th$50,700
49th$48,400
50th$47,200
51st$46,200
52nd$45,400
53rd$44,700
54th$44,000
55th$43,300
56th$42,700
57th$42,300
58th$42,000
59th$41,700
60th$41,400
61st$41,200
62nd$41,000
63rd$40,800
64th$40,600
65th$40,300
66th$40,000
67th$39,700
68th$39,400
69th$39,100
70th$38,900
Conor Keenan
News Writer

Conor Keenan is a freelance writer, joining Golf Monthly in the spring of 2024. Hailing from Newcastle, Northern Ireland, Conor is lucky to have Royal County Down as his home golf course. Golf has been a constant in his life, beginning to play the game at the age of four and later becoming a caddy at RCD at just eleven years old. Now 26, Conor has caddied over 500 rounds in a 12-year-long caddying career at one of the best courses in the world. Playing to a four handicap, you’re likely to find him on his local driving range trying (and failing) to hit a Shane Lowry-esc stinger that helped him win The 148th Open Championship at Royal Portrush. 

In the bag:

Driver: Ping G

3 wood: Callaway Epic

Hybrid: Ping G425

Irons: Mizuno JPX 900 Tour

Wedges: Taylormade Milled Grind 52,56,60

Putter: Scotty Cameron Circa 62

With contributions from