The US Women's Open purse will nearly double this year to $10m (€8.8m) from $5.5m (€4.8m) in 2021, the USGA announced on Friday.
The figure eclipses the previous benchmark set by the AIG British Women's Open, which offered $5.8m (€5.1m) in prize funds in 2021 and is expected to offer an additional $1m (€880,00) this year.
"For more than 75 years, the US Women’s Open has been the one that every little girl, in every country around the world, has dreamed of winning," USGA CEO Mike Whan said in a statement.
"While I’m incredibly proud of what we are announcing today, I know this is just the beginning."
The USGA said it also planned to increase the prize fund to $11m (€9.7m) and then $12m (€10.6m) in the next five years.
The oldest of the five women's golf majors, the tournament begins 2 June at Pine Needles in North Carolina.