The figure represents a rise of £30,000 from last year and helps push the prize fund up £200,000 on 2006 to £4.2m. Prizes distributed across the field rise by an average of five percent.
The tournament is staged at Carnoustie in Scotland between July 19-22.
Peter Dawson, chief executive of The R&A, said: "Equating to US$8.4 million, this increased prize money reflects our goal of maintaining the position of The Open Championship at the forefront of world golf."
