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2023 ISPS HANDA Australian Open: Prize Money Breakdown and Winner’s Payout

Published 12/01/2023, 11:02 AM EST

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The ISPS HANDA Australian Open is the second event of the DP World Tour’s Australian Swing, co-sanctioned by the PGA Tour of Australasia. The Open is a mixed event and sees both men and women compete simultaneously, teeing up alternatively on different leaderboards.

Two courses in Sydney, the Australian GC and the Lakes GC, will play host to the event. The initial two days will be played at Lakes GC, while the final two rounds will be on the Australian GC greens. The men’s open is returning to the Emerald City for the first time since 2016, while the women’s open is here after 16 years.

Prominent golfers at the ISPS HANDA Open

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The ISPS HANDA Australian Open started on November 30 and will conclude on December 3 at the Australian GC. 156 men and 84 women will tee it up on day one, and like regular events, only one cut will be made after round two. Surprisingly, this call discards the unpopular second cut after the third round that was featured last year and led to the drawcard Cameron Smith casualty, wherein he failed to make the cut on Saturday.

This year, only the top 60 and ties from the men’s side will proceed onto Saturday, while in the women’s open, the top 32 professionals plus ties will make the cut. The men’s Open winner will be awarded the Stonehaven Cup, and the women’s winner will receive the Patricia Bridge Bowl.

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Some of the notable players eyeing victory are last week’s Australian Championship winner Min Woo Lee, who is looking for his 3rd DP World Tour win; former champions Adam Scott and Cam Davis; and defending champion Adrian Meronk. Cameron Smith, who missed the cut at the Australian PGA Championship, and famed PGA pro Michael Block will also be on the field.

From the women’s side, defending champion Ashleigh Buhai, Aussie golfer Minjee Lee, South Korea’s veteran Jenny Shin, former world no. 1 Jiyai Shin, Australian fan favorite Hannah Green, and the rookie from China Lucy Li will be teeing it for the multi-million-dollar purse and the prestigious trophy.

The million-dollar prize purse at stake

The total prize purse for the ISPS HANDA Australian Open is set at AUD $3.4 million. This will see a further split in half for the men’s and women’s sides. The payout for both remains the same, with the purse for each becoming AUD $1.7 million (approximately USD $1.1 million). As per Golf Monthly, the winner’s cut thereafter stands at AUD $270,000 (approximately $178,000).

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Below is the prize money breakdown as per positions, as per which the top 70 (despite cuts being featured) will take home a piece of the purse.

Prize Money Breakdown:

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1st$270,000
2nd$179,500
3rd$101,099
4th$80,750
5th$68,476
6th$56,525
7th$48,450
8th$40,375
9th$36,176
10th$32,300
11th$29,716
12th$27,778
13th$26,002
14th$24,710
15th$23,741
16th$22,772
17th$21,803
18th$20,834
19th$20,026
20th$19,380
21st$18,734
22nd$18,250
23rd$17,765
24th$17,281
25th$16,796
26th$16,312
27th$15,827
28th$15,343
29th$14,858
30th$14,374
31st$13,889
32nd$13,405
33rd$12,920
34th$12,436
35th$12,113
36th$11,790
37th$11,467
38th$11,144
39th$10,821
40th$10,498
41st$10,175
42nd$9,852
43rd$9,529
44th$9,206
45th$8,883
46th$8,560
47th$8,237
48th$7,914
49th$7,591
50th$7,268
51st$6,945
52nd$6,622
53rd$6,299
54th$5,976
55th$5,653
56th$5,330
57th$5,007
58th$4,845
59th$4,684
60th$4,522
61st$4,361
62nd$4,199
63rd$4,038
64th$3,876
65th$3,715
66th$3,553
67th$3,392
68th$3,230
69th$3,069
70th$2,950

Out of all the players, who do you think will claim the Open title? Let us know in the comments below.

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Written by:

Khambe Huda Imran

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From a very young age, I, Huda Khambe, have been striving for excellence, and as a Golf Writer at EssentiallySports, my endeavor has only amplified. Having grown up watching Tiger Woods and Annika Sorenstam bag major after major, I couldn?t help but learn more about the intricacies of the sport, and now I combine that knowledge with my inherent storytelling skills and write about the gentleman's sport, bringing news to life for the readers. As a journalist who lives by the motto 'Girls for Girls', I am hellbent on covering the niche aspects of the sport and giving the readers unique insights about the LPGA and women's golf as a whole. Off hours too, my life involves sports of sorts, with me often engrossed in watching livestreams of Valorant and Counterstrike!
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Edited by:

Jayant Chhabra

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