It’s not a bad payday.

The overall purse for this year’s New Zealand Open golf tournament, the 102nd edition, has increased to $1.7 million — a 17% jump since the Open was last played.

The prize money comprises $1.65m for the NZ Open championship — the winner of which will receive $297,000 — and $50,000 for the NZ Pro-Am champs.

Being played at Arrowtown’s Millbrook Resort from March 2 to 5, it’s the first time the Open’s teed off since February, 2020.

It also marks the 10th anniversary of the pro-am format in Queenstown, over which time the prize money’s increased by $1.25m.

Tournament chair John Hart says that’s thanks to the continued support of existing sponsors and partners, and new sponsorship income.

‘‘We are delighted with the ongoing support that we have had, particularly in light of such difficult times.

‘‘Our goal has always been to deliver an event that is financially attractive to the best players from New Zealand, the PGA Tour of Australasia, the Asian Tour and the Japan Golf Tour.

‘‘And, at the same time, make every effort to ensure financial sustainability for the long-term future of the tournament.’’

He says this year’s Open will likely boast one of the strongest international pro fields in the event’s history.

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