2024 PGA Championship prize money, purse: Payouts for Xander Schauffele, golfers from $18.5 million pool.

2024 PGA Championship prize money, purse: Payouts for Xander Schauffele, golfers from $18.5 million pool.

In men’s professional golf, it’s expected that prize money payouts will keep increasing. The real question is by how much. This year, the PGA of America answered that by boosting the PGA Championship purse by $1 million, bringing it to a record $18.5 million.

Xander Schauffele captured the championship on Sunday at Valhalla Golf Club in Louisville, shooting a final-round 65 and taking home $3.33 million.

To put this in perspective, the total purse just four years ago at TPC Harding Park was $11 million. Since then, the PGA of America has consistently increased the prize money: by $1 million for the 2021 PGA at Kiawah, by $3 million for the 2022 PGA at Southern Hills, and by another $2.5 million for the 2023 PGA at Oak Hill.

Detailed PGA Championship Payout Structure

The 2024 PGA Championship at Valhalla Golf Club featured a record total purse of $18.5 million, with payouts structured to reward players at various levels of the leaderboard.

Major Payouts

Winner (Xander Schauffele): $3.3 million for finishing 21 under par.
Second Place (Bryson DeChambeau): Seven-figure sum for his strong performance.
Third Place (Viktor Hovland): Also received a significant seven-figure payout.

Top Finisher Earnings

Top 10: Each player within the top 10 earned at least $500,000.
Top 31: Players in the top 31 secured checks exceeding $100,000.

Comparisons with Other Events

Masters 2024: Scottie Scheffler took home $3.6 million from a $20 million purse.
Arnold Palmer Invitational: Scheffler earned $4 million.
Players Championship: Scheffler’s highest single-event payout was $4.5 million.

Payouts for Players Missing the Cut

36-hole score but missed cut: $4,000 per player.
Made the cut but did not complete 72 holes: $4,000 per player.

2024 PGA Championship prize money, purse: Payouts for Xander Schauffele, golfers from $18.5 million pool.

Evolution of the PGA Championship Prize Money

The prize money for the PGA Championship has seen significant increases in recent years, reflecting broader trends in men’s professional golf. The 2024 PGA Championship at Valhalla Golf Club continued this trend with a substantial prize pool.

Recent Increases in Prize Money

2020 (TPC Harding Park): $11 million total purse.
2021 (Kiawah Island): Increased by $1 million to $12 million.
2022 (Southern Hills): Raised by $3 million to $15 million.
2023 (Oak Hill): Further increase of $2.5 million to $17.5 million.
2024 (Valhalla Golf Club): Record total purse of $18.5 million, a $1 million increase from the previous year.

2024 PGA Championship Payouts

Winner (Xander Schauffele): $3.33 million for finishing 21 under par.
Top 10 Finishers: Each earned at least $500,000.
Top 31 Finishers: Each received over $100,000.
Players Missing the Cut: $4,000 for completing 36 holes.
Players Making the Cut but Not Completing 72 Holes: $4,000.

2024 PGA Championship prize money, purse: Payouts for Xander Schauffele, golfers from $18.5 million pool.

Rising Prize Money in Men’s Professional Golf

Xander Schauffele captured the championship on Sunday at Valhalla Golf Club in Louisville, shooting a final-round 65 and taking home $3.33 million.

Here’s a look at the evolution of the prize money payout in the PGA Championship, offering a revealing glance at the trajectory of golf purses in general over the years:

Year: Winner’s Pay, Total Purse
1916: $500, $2,580 (first year of the event)
1931: $1,000, $7,200 (first year winner’s pay increased)
1953: $5,000, $20,700 (first year winner’s pay was $5K)
1958: $5,500, $39,388 (first year of stroke play; winner’s amount actually decreased that year)
1965: $25,000, $149,700
1978: $50,000, $300,240
1983: $100,000, $608,099
1988: $160,000, $1,000,000 (first year with a $1M total purse)
1993: $300,000, $1,702,750
1998: $540,000, $2,886,800
2000: $900,000, $5,031,100 (first year with a $5M total purse)
2003: $1,080,000, $5,938,300 (first year with $1M-plus to the winner)
2009: $1,350,000, $7,484,500
2014: $1,800,000, $9,913,000
2018: $1,980,000, $11,000,000
2021: $2,160,000, $12,000,000
2022: $2,700,000, $15,000,000
2023: $3,150,000, $17,500,000

The latest jump, however, leaves the PGA Championship’s purse shy of the $20 million paydays offered in the PGA Tour’s new signature events as well as the $20 million paydays being played for individually on the LIV Golf circuit.

Here is a breakdown of the prize money payouts for each place in the field.

Win: Xander Schauffele, -21//263, $3,330,000

2: Bryson DeChambeau, -20/264, $1,998,000

3: Viktor Hovland, -18/266, $1,258,000

T-4: Thomas Detry, -15/269, $814,000

T-4: Collin Morikawa, -15/269, $814,000

T-6: Shane Lowry, -14/270, $639,440

T-6: Justin Rose, -14/270, $639,440

T-8: Robert MacIntyre, -13/271, $521,417.50

T-8: Justin Thomas, -13/271, $521,417.50

T-8: Scottie Scheffler, -13/271, $521,417.50

T-8: Billy Horschel, -13/271, $521,417.50

T-12: Dean Burmester, -12/272, $359,943.33

T-12: Lee Hodges, -12/272, $359,943.33

T-12: Taylor Moore, -12/272, $359,943.33

T-12: Rory McIlroy, -12/272, $359,943.33

T-12: Alex Noren, -12/272, $359,943.33

T-12: Sahith Theegala, -12/272, $359,943.33

T-18: Tony Finau, -11/273, $230,764

T-18: Harris English, -11/273, $230,764

T-18: Austin Eckroat, -11/273, $230,764

T-18: Keegan Bradley, -11/273, $230,764

T-18: Ryo Hisatsune, -11/273, $230,764

T-23: Russell Henley, -10/274, $170,136.67

T-23: Tom Hoge, -10/274, $170,136.67

T-23: Maverick McNealy, -10/274, $170,136.67

T-26: Tom Kim, -9/275, $113,962.22

T-26: Mark Hubbard, -9/275, $113,962.22

T-26: Ben Kohles, -9/275, $113,962.22

T-26: Kurt Kitayama, -9/275, $113,962.22

T-26: Min Woo Lee, -9/275, $113,962.22

T-26: Brian Harman, -9/275, $113,962.22

T-26: Corey Conners, -9/275, $113,962.22

T-26: Brooks Koepka, -9/275, $113,962.22

T-26: Tommy Fleetwood, -9/275, $113,962.22

T-35: Hideki Matsuyama, -8/276, $79,182.50

T-35: Max Homa, -8/276, $79,182.50

T-35: Doug Ghim, -8/276, $79,182.50

T-35: Brice Garnett, -8/276, $79,182.50

T-39: Aaron Rai, -7/277, $66,847.50

T-39: Alexander Bjork, -7/277, $66,847.50

T-39: Joaquin Niemann, -7/277, $66,847.50

T-39: Jordan Smith, -7/277, $66,847.50

T-43: Jordan Spieth, -6/278, $48,969

T-43: Matt Wallace, -6/278, $48,969

T-43: Jason Day, -6/278, $48,969

T-43: Will Zalatoris, -6/278, $48,969

T-43: Lucas Glover, -6/278, $48,969

T-43: Adam Svensson, -6/278, $48,969

T-43: Byeong Hun An, -6/278, $48,969

T-43: Grayson Murray, -6/278, $48,969

T-43: Dustin Johnson, -6/278, $48,969

T-43: Lucas Herbert, -6/278, $48,969

T-53: Zac Blair, -5/279, $32,587.14

T-53: Thorbjorn Olesen, -5/279, $32,587.14

T-53: Patrick Reed, -5/279, $32,587.14

T-53: Jeper Svensson, -5/279, $32,587.14

T-53: Patrick Cantlay, -5/279, $32,587.14

T-53: Erik van Rooyen, -5/279, $32,587.14

T-53: Andrew Putnam, -5/279, $32,587.14

T-60: Gary Woodland, -4/280, $27,016.67

T-60: Adam Hadwin, -4/280, $27,016.67

T-60: Talor Gooch, -4/280, $27,016.67

T-63: Cameron Smith, -3/281, $26,000

T-63: Tyrrell Hatton, -3/281, $25,202

T-63: Cameron Young, -3/281, $25,202

T-63: Rickie Fowler, -3/281, $25,202

T-63: S.H. Kim, -3/281, $25,202

T-68: Nicolai Hojgaard, -2/282, $23,537.50

T-68: Luke Donald, -2/282, $23,537.50

T-68: Rasmus Hojgaard, -2/282, $23,537.50

T-68: Sebastian Soderberg, -2/282, $23,537.50

72: Braden Shattuck (PGA pro), -1/283, $22,830

T-73: Martin Kaymer, E/284, $22,560

T-73: Alejandro Tosti, E/284, $22,560

75: Ryan Fox, +2/286, $22,350

76: Stephan Jaeger, +5/289, $22,230

77: Jeremy Wells (PGA pro), +6/290, $22,140

78: Brendon Todd, +9/293, $22,100

Players missing the cut and turning in a 36-hole score were paid $4,000 each. Any player making the cut but failing to submit a 72-hole score were also be paid $4,000.