The Vic Open will become Australian golf's richest tournament from 2019 onwards, with the combined prize pool swelling to $3 million.
The tournament, where men and women compete for equal prize money, has seen the cash on offer increase ten-fold since moving to the 36-hole 13th Beach layout in 2013.
The women's Vic Open is already co-sanctioned by the Ladies European Tour, with hopes high that the men's event will now gain similar European Tour status.
The 2019 event runs from February 7-10.
This year's prize pool was $1.8 million.
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