PGA Tour Prize Money - How Much Will Players Be Battling For During The Season?

Check out the eye-watering amounts that PGA Tour players will be playing for in the 2021/22 season.

An Individual Shuffles Money
(Image credit: Getty Images)

It's no secret that top PGA Tour golfers can earn a fair amount of cash throughout their career, with even a single victory guaranteeing a pay cheque offering up life-changing sums of money.

For the 2021/22 PGA Tour season, not only have we seen a seismic increase in the amount of prize money, but also in media coverage, with PGA Tour Live’s move to ESPN+, Netflix's announcement of a behind the scenes docuseries and the strategic alliance with the DP World Tour yielding big changes within the largest golf tour in the world.

Out of the $838 million in comprehensive earnings to players in 2022, nearly half of that will feature in prize money, with $427 million being distributed between the 47 official tournaments. This means that the average purse this season is now an eye-watering $9.1 million per event!

Breaking down the prize money offered out in the events, we do indeed see some trends, but two things really stand out - Firstly, only four tournaments have a first-place pay-out of less than $1 million and secondly, eight events (Tour Championship has no purse of its own due to the FedEx Cup) offer a higher purse than three of the four Majors, The Masters, PGA Championship and The Open.

So let's start off with the biggest pay cheques that the pros will be playing for in the 2021/22 season. Last year, the FedEx Cup pool was just a measly $60 million, now, in 2021/22, we see a $15 million increase to $75 million, meaning the winner will scoop $18 million, a $3 million increase on last year.

The Comcast Business Tour Top 10, which rewards the top players in the regular season, has also seen its pool doubled to $20 million, with the first two FedEx Cup Playoff events – the FedEx St. Jude Championship and BMW Championship – seeing both their prize money rise by more than $5 million to $15 million, making them the third and fourth highest purses.

Moving away from the FedEx Cup events to Florida and TPC Sawgrass for The Players Championship which, for this season, has seen its prize money move from $15 million to $20 million, making it the richest tournament in golf. Ironically, golf's 'fifth Major' is the highest-paying single event in the game.

Justin Thomas Holds The Players Championship Trophy

Justin Thomas will be defending his Players Championship title.

(Image credit: Getty Images)

Talking of Majors, the US Open has also seen an increase over the last few years. Originally $10 million in 2016, and then $12 million in 2017, it has increased by $500,000 in 2022 to $12.5m, making it still comfortably the largest purse of the four Major championships.

The three player-hosted invitationals – the Genesis Invitational, Arnold Palmer Invitational and Memorial Tournament feature next, with all three offering $12 million in prize money, an increase of nearly $3 million over the previous season. The World Golf Championships have also increased their purses from $10.5 million to $12 million.

Jon Rahm Wins US Open

Jon Rahm claimed the 2021 US Open thanks to a stunning putting display.

(Image credit: Getty Images)

We then come to the Majors, with The Masters offering $11.5 million, the PGA Championship $11 million and Open Championship $10.75 million, oddly less than the World Golf Championship events...

It's not just on the course where individuals are going to be making a serious buck or two. The Player Impact Program and new Play15 bonus offers players the potential to increase their earnings further. The PIP will be paying out $50 million in 2021/22, an increase of $10 million over its inaugural year, with the introduction of the Play15 bonus handing out $50,000 to each player who competes in 15 events this season.

Phil Mickelson Sticks His Thumb Up

In late 2021, Phil Mickelson revealed he had won the PGA Tour's $8 million Player Impact Program.

(Image credit: Getty Images)

2022 PGA Tour Purses - Ranked Largest To Smallest

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Tournament Prize Money1st Place Pay-out
Tour Championship $75,000,000$18,000,000
The Players Championship $20,000,000$3,600,000
FedEx St. Jude Championship$15,000,000$2,700,000
BMW Championship$15,000,000$2,700,000
US Open$12,500,000$2,250,000
The Genesis Invitational $12,000,000$2,160,000
Arnold Palmer Invitational$12,000,000$2,160,000
The Memorial Tournament$12,000,000$2,160,000
WGC-Dell Technologies Match Play $12,000,000$2,040,000
Masters Tournament $11,500,000$2,070,000
PGA Championship$11,000,000 $1,980,000
The Open Championship $10,750,000$1,935,000
Zozo Championship$9,950,000$1,791,000
The CJ Cup at Summit $9,750,000$1,755,000
AT&T Byron Nelson $9,100,000$1,638,000
Wells Fargo Championship $9,000,000$1,620,000
AT&T Pebble Beach Pro-Am $1,566,000$8,700,000$1,566,000
RBC Canadian Open $8,700,000$1,566,000
Valero Texas Open $8,600,000$1,548,000
Farmers Insurance Open$8,400,000$1,512,000
Charles Schwab Challenge$8,400,000$1,512,000
Rocket Mortgage Classic $8,400,000$1,512,000
Zurich Classic of New Orleans$8,300,000$1,494,000
Travelers Championship$8,300,000$1,494,000
Sentry Tournament of Champions $8,200,000$1,476,000
Waste Management Phoenix Open$8,200,000$1,476,000
The Honda Classic $8,000,000$1,440,000
RBC Heritage $8,000,000$1,440,000
Genesis Scottish Open$8,000,000$1,440,000
Valspar Championship $7,800,000$1,404,000
The American Express $7,600,000$1,368,000
Houston Open $7,500,000$1,350,000
Sony Open in Hawaii$7,500,000$1,350,000
3M Open$7,500,000$1,350,000
Mexico Open$7,500,000$1,350,000
Wyndham Championship$7,500,000$1,350,000
World Wide Technology Championship at Mayakoba $7,200,000$1,296,000
The RSM Classic$7,200,000$1,296,000
John Deere Classic $7,100,000$1,278,000
Fortinet Championship$7,000,000 $1,260,000
Sanderson Farms Championship$7,000,000 $1,260,000
Shriners Children's Open$7,000,000 $1,260,000
Bermuda Championship$6,500,000$1,170,000
Puerto Rico Open$3,700,000$666,000
Corales Puntacana Championship$3,700,000$666,000
Barbasol Championship$3,700,000$666,000
Barracuda Championship$3,700,000$666,000

How Much Prize Money Is Being Offered On The PGA Tour?

In November 2021, PGA Tour Commissioner Jay Monahan confirmed that the PGA Tour's overall purse will increase from $367 million to $427 million for the upcoming season. That means that players will be competing for an extra $60 million through the 2021/22 PGA Tour season.

How Much Does The Average PGA Tour Pro Make?

During the 2020/21 season, the average player on the PGA Tour earned a tidy $1,485,055 for his work. However, if we were to look at the 125th ranked player in the FedEx Cup standings (Top-125 get through to the FedEx Cup playoffs) then we see that Chesson Hadley earned $940,986 for his work through the 2020/21 PGA Tour season.

Who Has Won The PGA Tour Money List Previously? 

Last year Jon Rahm topped the PGA Tour's money list with $7,705,933, the year before, Justin Thomas earnt $7,344,040 for his 2019/20 season. However, these numbers are just a shade of those from 2012 - 2019. You can check out the list below.

  • 2019 — Brooks Koepka, $9,684,006
  • 2018 — Justin Thomas, $8,694,821
  • 2017 — Justin Thomas, $9,921,560
  • 2016 — Dustin Johnson, $9,365,185
  • 2015 — Jordan Spieth, $12,030,465
  • 2014 — Rory McIlroy, $8,280,096
  • 2013 — Tiger Woods, $8,553,439
  • 2012 — Rory McIlroy, $8,047,952

If we delve even further back to the period where Tiger Woods was the dominant force, then the numbers are even more impressive, especially considering the prize money wasn't as vast as it is today. Throughout the 2000's, Tiger finished top of the PGA Tour money list seven times.

  • 2009 — Tiger Woods, $10,508,163
  • 2007 — Tiger Woods, $10,867,052
  • 2006 — Tiger Woods, $9,941,563
  • 2005 — Tiger Woods, $10,628,024
  • 2002 — Tiger Woods, $6,912,625
  • 2001 — Tiger Woods, $5,687,777
  • 2000 — Tiger Woods, $9,188,321
Matt Cradock
Staff Writer

Matt joined Golf Monthly in February 2021 covering weekend news, before also transitioning to equipment and testing. After freelancing for Golf Monthly and The PGA for 18 months, he was offered a full-time position at the company in October 2022 and continues to cover weekend news and social media, as well as help look after Golf Monthly’s many buyers’ guides and equipment reviews.

Taking up the game when he was just seven years of age, Matt made it into his county squad just a year later and continues to play the game at a high standard, with a handicap of around 2-4. To date, his best round came in 2016, where he shot a six-under-par 66 having been seven-under through nine holes. He currently plays at Witney Lakes in Oxfordshire and his favourite player is Rory McIlroy, despite nearly being struck by his second shot at the 17th during the 2015 BMW PGA Championship.

Matt’s current What’s In The Bag?

Driver: Honma TW747, 8.75°

Fairway Wood: TaylorMade Rocketballz Stage 2, 15°, 19°

Hybrid: Adams Super Hybrid, 22°

Irons: Mizuno MP54, 5-PW

Wedges: Cleveland 588 RTX 2.0 Tour Satin, 50°, 56°, 60°

Putter: Cleveland TFI 2135 Satin Cero

Ball: Titleist Pro V1x