PGA Championship Payout: How Much Do the Winners Take Home?

PGA Championship Payout: How Much Do the Winners Take Home?

Published May 23, 2022
Views 24

The 2022 PGA Championship took place over the weekend in Tulsa, Oklahoma.

It’s no new news that professional athletes are paid quite handsomely to play their respective sports.

For sports like tennis and golf, where big-name tournaments draw in players and spectators a few times a year, the purse payouts for winners tend to come in a large lump sum.

This year’s PGA Championship, which took place at Southern Hills Country Club in Tulsa, Oklahoma, was no different, with the final championship purse being bumped up to a whopping $15 million total.

But how are PGA tour purse payouts divided?

The largest PGA Championship purse payout, of course, goes to the first place winner, which was Justin Thomas.

Related: The Masters: 10 Inspirational Golf Quotes for Entrepreneurs

According to the PGA Championship rules, the first place golfer takes home 18% of the total championship purse.

The projected earnings for the second, third and fourth winners were $1.62 million, $1.02 million and $720,000, respectively.

However, since third and fourth place were tied this year, the total projected earnings for third and fourth place were combined and then divided evenly amongst the players.

The championship purse money is funded by a combination of sources, the majority of which comes from major TV networks with the rest coming from sponsors of the tournament, per Golfweek.

Thomas, who also won the esteemed tournament in 2017, won in an unexpected comeback after going into the last round a solid seven shots behind fellow golfer Will Zalatoris, who was projected to win at the start of the final round.

The 2022 PGA Champion took home $2.7 million — but he wasn’t the only one who took home over $1 million over the weekend.

Zalatoris also walked away with a pretty penny, earning an estimated $1.62 million for his gameplay.

Related: How Playing Golf Can Help You Build Key Business Acumen

Fellow golfers Mito Pereiro and Cameron Young each took home just shy of seven figures with their $870,000 in prize money.

The lowest earning player, Sepp Straka, still took home $23,700 for ranking 78th in the tournament.

In 2021, Phil Mickelson won the championship and earned $2.16 million from the purse, earning slightly less than Thomas for clinching the top spot.

The 2022 PGA Champonship was the second major of the year, following The Masters which took place in the beginning of April.

The next major set to take place is the U.S. Open, which begins on June 13 in Brookline, Massachusetts. 

These Co-Founders Are Using ‘Quiet Confidence’ to Flip the Script on Cutthroat Startup Culture and Make Their Mark on a $46 Billion Industry

My 7-Year-Old Daughter Started Selling Eggs. Here’s What She Taught Me About Running a Startup.

Why You Need to Become an Inclusive Leader (and How to Do It)

Career Transitions You Can Make in Your 40s and 50s

Billionaire Naveen Jain Is an Expert at Disrupting Fields He Has No Experience In. His Secret Sauce for Building Multi-Million Dollar Companies? ‘You Have to Come as Naive.’

4 Principles to Develop Next-Level Leadership at Your Company

This Filipino American Founder Is Disrupting the Beverage Aisle by Introducing New Flavors to the Crowded Bubbly Water Market