Written by Megan Taylor, sports reporter covering international sports since 2020

Australian Open golf prize money is set to rise from 2027 after tournament officials rejected interest from LIV Golf and agreed a new deal with the DP World Tour.

The move keeps Australia’s biggest golf tournament aligned with the mainly European-based circuit, with the current prize pool sitting at $2 million and a larger purse now expected under the new agreement.

For more golf coverage, read Gold Coast Golfer Secures Last-Minute Major Championship Spot.

DP World Tour Deal Wins Out

Code Sports reported that Golf Australia has reached a fresh agreement with the DP World Tour after LIV Golf showed interest in supporting the national open.

Golf Australia chief executive James Sutherland met LIV Golf chief executive Scott O’Neil during the Adelaide tournament in February, but the Australian Open will stay with the DP World Tour model.

Today’s Golfer reported the deal is a three-year extension that will run until at least 2029.

The same report said the Australian Open was near the top of LIV Golf’s agenda after the success of its Adelaide event, where strong crowds again showed the local appetite for elite golf.

McIlroy Return Adds Star Power

The Australian Open gained fresh attention last year when Masters champion Rory McIlroy played the event.

The back-to-back Augusta winner is also due to return later this year, giving the tournament another major drawcard for fans and sponsors.

The event also carries extra value because the winner receives a Masters place after changes to automatic entry rules.

Rasmus Neergaard-Petersen won last December’s Australian Open after Cameron Smith three-putted the final hole.

The 2026 Australian Open will be played at Kingston Heath from December 3 to 6. Official tournament and golf updates are available through Golf Australia.

South Australia will host the men’s event at North Adelaide Golf Club in 2028, then stage either the men’s or women’s Australian Open every year until 2034.