AIG Women's Open Announces Prize Money Increase For 2024 With Champion Earning Record Figure
This year's champion is to take home the highest figure in Women's Open history at almost $1.5 million


The AIG Women's Open has confirmed an increase to its prize money payout for 2024 and says this year's champion will earn a record figure as well.
In 2023, the total prize fund was $9 million, but that has been raised to $9.5 million with the Women's Open winner taking home a record $1,425,000 - the highest amount in the championship’s 48-year history and $100,000 up on what Lilia Vu took home following her success last summer.
The prize fund for the championship has more than doubled since before The R&A’s partnership with AIG began in 2019, sitting at $4.5 million as recently as 2020 before increasing to $5.8 million and $7.3 million in the subsequent years.
Martin Slumbers, outgoing CEO of The R&A, said: “With the outstanding backing we have received from AIG as our title sponsor, we have been able to achieve a step change and take this Championship to new levels.
"We greatly appreciate AIG’s support and are proud that they share our goal to elevate the AIG Women’s Open still further and ensure it remains at the pinnacle of the women’s game.
R&A CEO, Martin Slumbers
"The increased prize fund and our enhancements to the staging and the spectator experience this year reflect our shared commitment to making the AIG Women’s Open a world class championship for players and fans alike.”
Even with the increase, the AIG Women's Open remains third in the list of highest payouts among the five women's Majors. The US Women's Open is top with $12 million while the KPMG Women's PGA Championship is narrowly in second place on $10.4 million.
Get the Golf Monthly Newsletter
Subscribe to the Golf Monthly newsletter to stay up to date with all the latest tour news, equipment news, reviews, head-to-heads and buyer’s guides from our team of experienced experts.
The Evian Championship offered a $8 million total prize fund earlier this year while the Chevron Championship paid out a total of $7.9 million.
This year's AIG Women's Open is taking place between Thursday, August 22 and Sunday, August 25 at St Andrews' Old Course in Scotland.
144 players will be in the field, with the likes of Lexi Thompson, Nelly Korda, and Charley Hull some of the leading names in contention. On the flip side, several big names will miss the AIG Women's Open, including Danielle Kang, Bianca Pagdanganan, and Laura Davies.
How the prize money compares between the men's and women's Opens
Header Cell - Column 0 | The Open | AIG Women's Open |
---|---|---|
2024 total prize pool | $17m | $9.5m |
2024 winner's check | $3.1m | $1.45m |
Jonny Leighfield is our Staff News Writer who joined Golf Monthly just in time for the 2023 Solheim Cup and Ryder Cup. He graduated from the University of Brighton with a degree in Sport Journalism in 2017 and spent almost five years as the sole sports reporter at his local newspaper. During his time with Golf Monthly, Jonny has interviewed several stars of the game, including Robert MacIntyre, Ian Poulter, Lee Westwood, and Joaquin Niemann. An improving golfer himself, Jonny enjoys learning as much about the game as he can and recently reached his Handicap goal of 18 for the first time. He attended both the 150th and 151st Open Championships and dreams of attending The Masters one day.
-
St Andrews Links: The Castle Course Review, Tee Times and Key Info
Back in at 95 in our Top 100 UK&I Course Rankings in association with Peter Millar, the Castle Course at St Andrews is a thrilling alternative at the home of golf
By Rob Smith Published
-
Is There A Dress Code For Patrons At The Masters?
There are plenty of policies for patrons attending The Masters to be aware of, but is there a dress code?
By Mike Hall Published
-
Callaway REVA Rise: New Women's Clubs Unleashed!
Callaway has released REVA Rise, the latest evolution of the Reva line of clubs designed specifically for women
By Alison Root Published
-
Carla Bernat Escuder Narrowly Beats Asterisk Talley To Augusta National Women's Amateur Title
Carla Bernat Escuder became the first Spaniard to win the Augusta National Women's Amateur
By Mike Hall Published
-
Augusta National Women's Amateur Final Round Tee Times 2025
Defending champion Lottie Woad and USA's Kiara Romero will start as co-leaders in the final group of the Augusta National Women's Amateur on Saturday
By Jonny Leighfield Published
-
Defending Champion Lottie Woad In Prime Position For ANWA Title Defence As Several Big Names Miss The Cut
Heading into the final round at Augusta National Golf Club, England's Lottie Woad co-leads the field 12 months on from her dramatic comeback victory
By Jonny Leighfield Published
-
Augusta National Women’s Amateur Winners: Where Are They Now?
The Augusta National Women's Amateur was first played in 2019 and, since then, a number of the tournament's winners have gone on to forge superb careers
By Matt Cradock Published
-
Augusta National Women's Amateur 2025 Tee Times - Round One
Lottie Woad returns to defend her Augusta National Women's Amateur title, with the Amateur World No.1 getting her first round underway alongside Amateur World No.2 Jasmine Koo
By Matt Cradock Published
-
Rianne Malixi Withdraws From Augusta National Women's Amateur With Back Injury
Rianne Malixi had been among the favorites going into the Augusta National Women's Amateur, but the US Women’s Amateur champion has been forced to withdraw due to injury
By Matt Cradock Published
-
How To Watch Augusta National Women’s Amateur: Live Streams, TV Channels, Schedule
This year will be the sixth running of the event, with 23 nationalities competing and with the final round played around Augusta National's iconic course.
By Roderick Easdale Last updated