There is a total prize pot of £550,400 up for grabs this year.
The winner will pocket £100,000 of this fund, with the losing finalist taking home £45,000.
Semi-finalists will bag £21,000 with quarter-finalists taking home £13,200.
You can see the full breakdown below.
Winner: £100,000
Runner-up: £45,000
Semi-finals: £21,000
Quarter-finals: £13,200
Last 16: £9,000
Last 32: £5,400
Last 64: £3,600
Last 96: £1,000
High Break: £5,000
Total £550,400
At this stage, the matches are the best of seven frames.
That will remain in place until the quarter-finals when it moves to the best of eight.
The semi-final will be best of 11 frames.
Meanwhile, the final will be played over two sessions and will be the best of 17 frames.
The first matches of the day get underway at 10am.
UK Championship quarter-finalist Zhang Anda is up against Stan Moody.
Meanwhile, defending champion Gary Wilson is taking on Long Zehuang in the opening round.
Good morning snooker fans and welcome to SunSport's snooker blog for the Scottish Open.
I'm Tony Robertson, here to keep you updated on the next few hours of snooker action at the Meadowbank Sports Centre in Edinburgh.
The tournament starts today and will run through to December 15.
Gary Wilson made it two wins in a row in 2023 and will be aiming for the title once again this year.
However, he will be facing stiff competition with Scotland's own John Higgins and seven-time world champion Ronnie O'Sullivan both among this years competitors.