The winner of The 150th Open at St Andrews will receive US$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 10-17 July 2022, will be USD14 million, 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.”
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 |
Prize Money shall be allocated only to professional golfers.
If more than 70 professional golfers qualify for the final two rounds, additional prize money will be added. Prize money will decrease by US$125 per qualifying place above 70 to a minimum of US$30,950.
Non-qualifiers after two rounds: Leading 10 professional golfers and ties US$10,500; next 20 professional golfers and ties US$8,500; remainder of professional golfers and ties US$7,000.
