British Open sets new record for prize money in golf.

The British Open Championship is set to make history this year with a record-breaking prize money of $3 million, according to an announcement by the R&A. This represents an 18% increase from last year’s tournament, which was won by Australian golfer Cameron Smith.

“Our aim is to ensure The Open remains at the pinnacle of world golf and we have almost doubled the prize fund since 2016,” stated Martin Slumbers, the CEO of R&A. “While we are seeing substantial increases in prize money across the men’s professional game, we are fulfilling our wider obligation to the sport by elevating the AIG Women’s Open, strengthening pathways in the elite amateur game, and encouraging more people around the world to play golf.

“We believe that getting this balance right is vital to the long-term future of the sport.”

The championship, which is the oldest in the sport, will also boost its prize fund further if more than 70 professional golfers qualify for the final two rounds. Golf enthusiasts can look forward to this year’s 151st championship, scheduled to take place at Royal Liverpool from July 16-23.

(Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Christian Radnedge)

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