PGA Championship Payout: The Ultimate Prize Purse for Golfers to Tee Off and Triumph
Do you want to know what a PGA Championship Payout winner makes? Are you interested in the 2023 purse and payout breakdown? So far, it’s been a stellar year; read on to find out more.
The PGA Championship tour finishes in December, just in time for the holidays, but between the first tee-off and the last, there have been some whopping payouts and exciting changes in ranking.
The PGA Championship Payout comprises 30 tours starting in January in Ka’upulehu-Kona, USA, with the Mitsubishi Electric Championship at Hualalai Resort and finishing at the Ritz-Carlton Golf Course in Orlando. Finishing in December, just in time for the holidays, between the first game and the last tee-off, there have been some mighty payouts and exciting rank changes.
More cash than ever is up for grabs at the 2023 PGA Championship Payout after the Wanamaker Trophy went to Brooks Koepka, winner of this year’s prestigious fixture. The PGA announced that the purse for its signature event is $17.5 million, breaking tournament records and setting only the second-largest prize purse ever presented to players at a significant golfing championship.
This year’s PGA Championship purse was increased by a whopping $2.5 million from the $15 million awarded in 2022. Koepka will take away $3.15 million, signifying the most significant year-on-year increase in the PGA Championship’s tournament history.
A solo runner-up will claim $1.89 million, but a birdie at the 18th hole for Viktor Hovland gave him a tie with Scottie Scheffler; the golfers received $1.54 million each – which is still a nice payday.
The vast payouts rolled down through the round as any player who made it through the weekend will be kept in the loop. Beyond the top three, each player brings home seven figures; golfers who finished inside the top 20 take at least $200,000, and the top 32 each earned a six-figure payout.
To give you a taste of what was banked, here’s a selection of the payouts for the 2023 PGA Championship Payout divided among the top players at Oak Hill Country Club.
- $3,150,000 -$-$- Brooks Koepka
- $1,540,000 each – $-$- Viktor Hovland and Scottie Scheffler
- and 4.$720,000 each – $-$ – Cameron Davis, Bryson DeChambeau, Kurt Kitayama.
Way down at 7th but still raking in the big bucks…
$555,000 each – $-$- Sepp Straka, Rory McIlroy
At ninth and 12th respectively
$465,000 each – $-$- Cameron Smith, Justin Rose, Patrick Cantlay.
$365,000 each – $-$- Corey Conners, Victor Perez, Shane Lowry.
On 15th and 18th we have a party of players…
$288,333 each -$-$- Eric Cole, Tyrrell Hatton, Michael Block.
$214,400 each – $-$- Xander Schauffele, Tommy Fleetwood, Patrick Reed, Min Woo Lee, Mito Pereira.
While 23rd, 26th and a respectable 29th goes to…
$165,000 each – $-$- Alex Smalley, Ryan Fox, Matthew NeSmith.
$135,000 each – $-$- Hayden Buckley, Collin Morikawa, Justin Suh.
$90,136 each -$-$- Patrick Rodgers, Denny McCarthy, Callum Tarren, Jordan Spieth, Adam Scott, K.H. Lee, Harold Varner III, Taylor Pendrith, Keegan Bradley, Hideki Matsuyama, and Chris Kirk.
Well down at 40th and 50th place is…
$46,900 each – $-$- Adrian Meronk, J.T. Poston, Thomas Detry, Adam Hadwin, Lucas Herbert, Chez Reavie, Thomas Pieters, Adam Svensson, Sahith Theegala and Beau Hossler.
$37,625 – $-$ – goes to Stephan Jaeger , Padraig Harrington, Nicolai Hojgaard, Jon Rahm. Rahm down at 50th is a drop in form.
If you’re still looking for a decent players championship payout, 65th place is okay if you are Matt Wallace and Co.
$29,750 each -$-$ Taylor Montgomery, Justin Thomas, Pablo Larrazbal and Matt Wallace.
Finally, Mark Hubbard and Kazuki take $25,000, while players missing the cut but achieving a 36-hole score will each get $4,000. The player’s championship payout includes those who did not submit a 72-hole score but made the cut and will also be awarded $4,000.
PGA Tour Payouts Now and Then
Winning the PGA TOUR seniors means Bernhard Langer is now worth an astounding $25, 000,000. Steve Stickland is rich to the tune of $20 million. Forbes reports that Tiger Woods is a fat billionaire, while Jon Rahm has an estimated bank balance of $16 million.
The first PGA Championship wasn’t brought to us by golf royalty but by a department store magnate. And the prize Rodman Wanamaker helped procure for the winner wasn’t a bag of potatoes and a slap on the back but a 27-pound mega trophy that would be hard pushed to sit safely on the mantelpiece. If the PGA’s start wasn’t obscure enough, who would win the PGA of America’s new event? An Englishman, Jim Barnes, and a non-existent purse.
By 1934, the purse had increased to what was considered big bucks ($1500) claimed by Horton Smith in the first Masters Tournament (Augusta National Invitation Tournament). $1500 went a long way back then. The value of $1,500 from 1934 to 2023 is equivalent in purchasing power to about $34,453.99 today, an increase of $32,953.99 over 89 years.
What’s Next for PGA Championship Payouts?
Breaking news says that the LPGA Tour Championship will get a huge purse increase for 2024, including a winner’s total of $4 million.
The CME Group will continue an upward trajectory by increasing the purse of the Tour Championship. Since 2011, when CME became the title sponsor, it has increased the purse in 2013 from $1.5 million to $2 million, up to $2.5 million in 2017, doubling to $5 million, and then increased to $7 million two years later in 2022 and raising the prize win by the same amount this season.
So if the LPGA is anything to go by, the PGA payout will increase and smash what has already been a stellar payout at Oak Hill and The Seniors.
November 24, 2023
November 9, 2023