The R&A has confirmed that prize money for next month's Women's British Open has increased by 40% to £3.6 million ($4.5m) - meaning the tournament now offers the second-highest prize fund of the five majors in the ladies game.
That equates to the winner taking home £540,000 as opposed to last year's first prize of £392,000, as won by England's Georgia Hall.
In comparison to the men's game and next week's Open Championship featuring a total prize pot of £8.56m, the winner of the Claret Jug at Royal Portrush will walk away with a whopping £1.51 million.
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"This is an important first step," said R&A chief executive Martin Slumbers. "We know it will take time to move closer to achieving parity with the men's game.
"We will continue to work towards the long-term goal of a sustainable business model but we can't do it alone and the support of fans, sponsors and media are all key to achieving that success."
The Women's British Open tees up on the Marquess Course in Woburn from August 1 to 4.
Comparing the prize money differences when it comes to a football World Cup, the prize money for the Women's World Cup was £24m in contrast to the men's £320m.
When it comes to Wimbledon tennis going on this week, however, both the men and women receive the same money. The winner of the Ladies' Singles and the winner of the Gentlemen's Singles each receives £2.35 million, which is up from £2.25 million in 2018
While the Women's British Open prize fund at Woburn is still less than half of the men's Open Championship at Royal Portrush, it certainly marks a move in the right direction.