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2023 Open Championship: Raising the Stakes at Royal Liverpool

Last Updated: July 20, 2023
The stakes have never been higher as golf’s best are hitting the links in Hoylake for a piece of a $16.5 million Open Championship payout pool.

Golf‘s original championship is about to get going in Great Britain — bringing with it a bevy of big hitters looking to claim a piece of record-setting prize money.

It’s the final major championship of the season, and it’s all happening July 20-23 in Hoylake, England — home to the Royal Liverpool Golf Club. It’s the 13th time the course has played host to the Open Championship dating back to 1897, the most recent being in 2014 when Rory Mcllroy claimed his last major.

Not only is the winner of the 151st Open walking away with quite the payday, but this year’s field can expect far more money than ever before.

Let’s have a look at just how big the Open Championship payout pool is that’s set to be ponied up across the pond in 2023.

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2023 Open Championship Payout Breakdown

The Open Championship — which many still refer to (technically incorrectly) as the British Open — is raising its prize purse to $16.5 million, an 18% or $2.5 million increase over last year’s purse at St. Andrews — making it the most amount of money offered up in the major’s history.

In addition to the coveted Claret Jug, this year’s winner will walk away with $3 million, a $500,000 bump from the paycheck defending champion Cameron Smith secured in 2022.

Even the second and third-place finishers will clear $1 million in earnings at this year’s Open. Not too shabby.

“Our aim is to ensure The Open remains at the pinnacle of world golf and we have almost doubled the prize fund since 2016,” said Martin Slumbers, CEO of the R&A, organizer of the British Open.

Here’s a look at how the payouts for the top-five finishers.

2023 Open Championship Prize Money Payouts:

  • First Place: $3,000,000
  • Second Place: $1,708,000
  • Third Place: $1,095,000
  • Fourth Place: $851,000
  • Fifth Place: $684,500

Lastly, the golfer landing in last place (70th) will earn $37,800. Again, not too shabby.

The increase in PGA prize money at the final major of the season is not unexpected, however.

The three majors before it all pumped in more prize money this year — the US Open offering $20 million, the most of all the majors, the Masters dolling out $18.5 million, and the PGA Championship putting up $17.5 million.

But enough about money. Who’s claiming the crown at the 2023 Open Championship?

Who’s Winning The Open?

Will Rory return to glory? Can Cam repeat? Or will Wyndham Clark continue his success after winning the US Open?

It could be anyone really, however, oddsmakers have their sights set on a few big names to make the most noise.

For Mcllroy, it’s been a long time since the Northern Irishman found himself at the top of the leaderboard at the end of a major championship. Having won his fourth major at the Royal Liverpool course in 2014, it’s been a nine-year drought since. Oddsmakers, however, have him as an early odds-on favorite (+750) to win the tournament.

Scottie Scheffler, meanwhile, sits atop the field with the best odds (+650), followed by 2023 Masters champion Jon Rahm (+1200), PGA Championship winner Brooks Koepka (+1800), and so on.

And Clark’s chance of a second consecutive major appears to be a tall order, as oddsmakers have him at a longshot (+5000).

Let’s have a look at the full odds to win the tournament, courtesy of FanDuel Sportsbook.

FanDuel 2023 British Open Betting Odds

Numbers reflect pre-tournament odds at FanDuel Sportsbook as of July 18, 2023. Live odds will update throughout the tournament.

Scottie Scheffler +650
Rory McIlroy +750
Jon Rahm +1200
Brooks Koepka +1200
Cameron Smith +2000
Patrick Cantlay +2200
Rickie Fowler +2500
Viktor Hovland +2500
Xander Schauffele +2500
Tyrrell Hatton + 2500
Tommy Fleetwood +2800
Collin Morikawa +3000
Jordan Spieth +3000

Dustin Johnson +3300
Shane Lowry +4000
Matt Fitzpatrick +5000
Wyndham Clark +5000
Tony Finau +5500
Bryson DeChambeau +6000
Justin Rose +6000
Max Homa +6000
Hideki Matsuyama +6000
Cameron Young +7000
Corey Conners +7000
Sam Burns +7000
Adam Scott +7700

Open Championship Prize Money – Through the Years

Curious just how much The Open prize money has changed over the years?

2020No championshipNo championship

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