Along with the Claret Jug, this year's Open Champion will claim an even bigger money prize.
The 2016 British Open purse was announced as 6.5 million pounds Tuesday, an increase of 200,000 pounds (or more than 3% from 2015). The Champion will therefore earn 1.17 million pounds, or the current equivalent of $1.53 million.
Due to the recently plummeting value of the British pound relative to the American dollar, this year's winner would currently earn less than last year's champion, Zach Johnson. Johnson claimed $1.8 million in 2015 after outlasting Louis Oosthuizen and Marc Leishman in a 4-hole playoff at St. Andrews.
This year's second place winner will collect 702,000 pounds, currently valued at $916,903. Amateurs are not allowed to receive any payout. For pros who miss the cut, the 10 best two-rounds scores get 4,625 pounds, the next 20 receive 3,700 pounds and the rest take home 3,100 pounds. You can check out the breakdown of the purse below (in pounds).