In 1990 the album was certified Triple Platinum in Canada (in excess of 300,000 copies sold) by the CRIA (Canadian Recording Industry Association).

[2] The album cover features a newly married couple having their picture taken by some tourists at Niagara Falls, Honeymoon Suite's hometown.

In a 2008 interview, Honeymoon Suite's guitarist Derry Grehan said "I think our best record was The Big Prize.

The third single was the power ballad "What Does It Take" and was originally written on a Fostex recorder at a gig in Sarnia, Ontario.

It was Bob Rock's production work on this record (specifically as an engineer) that is largely credited with helping him get noticed by Jon Bon Jovi.