A record $428.6 million prize money will be on the line for the upcoming season over the 47 PGA Tour schedule.
That provides an increase in the purse for essentially every tournament on the schedule, and there are eight added invitational events that will each have $15-$25 million on the line.
Who Had the Best 2021/22?
Scottie Scheffler had a breakout season a year ago, and he got some financial peace of mind to go with it, claiming $14,046,910 in prize money on the PGA Tour.
That includes $2.7 million for winning the Masters, but that also came with a priceless green jacket. Scheffler’s Tour-leading winnings also don’t include the $5.75 million ‘bonus money from coming in second in the FedEx Cup playoffs.
Rory McIlroy claimed an $18 million prize for winning the FedEx Cup playoffs last season, more than double his $8,654,566 from winning three Tour events.
McIlroy was only fifth in prize money despite his solid season, trailing Cameron Smith ($10,107,897), Will Zalators ($9,405,082), and Patrick Cantlay ($9,369,605). Smith won $2.5 million for his Open Championship at St. Andrews but then signed with LIV for reportedly upwards of $100 million.
New Payouts for 2022/23
The first tournament of the 2023 calendar year is one of those elevated winnings events, with the Sentry Tournament of Champions on January 5th-8th in Maui seeing a boost from an $8.2 million purse last year to $15 million this season. This will return to a ‘winners only’ event when the Tour goes to a calendar year schedule in 2024, with only golfers who won an event this season being invited next year.
It’s a format that has worked in golf, with Tiger Woods’ Genesis Invitational, the Arnold Palmer Invitational, and Jack Nicklaus’ Memorial Tournament all seeing prize increases to $20 million this season.
The Player’s Championship (March 9th-12th) is extra important this year, not only because it’s the flagship event for the PGA golf tournament and they want to show solidarity against LIV, but also because the already high $20 million purse is up to $25 million this season.
WGC – Dell Technologies Match Play only has a 64-golfer field but a $20 million purse, up from $12 million a season ago.
Odds to Win PGA Money List 2022/23
We know who sportsbooks like to win this season’s PGA picks and money list. Keegan Bradley is already out to a $2,380,224 head start after the Fall leg of the Tour, but he’ll have company on his heels very shortly.
Rory McIlroy +230
Pretty solid PGA odds on McIlroy here as he’ll have to play a minimum of 20 events this season (he played 16 last year) as part of new PGA incentives for their top players. The Open Championship returns to Royal Liverpool this year, where McIlroy won in 2014, so he’ll be a favorite there, and he’s been close at Augusta (runner-up last season) to complete the “Rory Slam.”
Scottie Scheffler +450
Scheffler couldn’t hold on to the lead at the TOUR Championship, which allowed McIlroy to win the FedEx Cup, and he had a horrible showing at the Presidents Cup. That might have been a sign of fatigue after a long breakout season, but Scheffler was great early in the year last season and finished in the top 10 in his last three events of the Fall.
Jon Rahm +500
Rahm finished way down at 15th in the money list last season, with his only win coming at the Mexico Open. His star is starting to fade, but oddsmakers like him are in the top three to win the 2022/23 money list.
Patrick Cantlay +1400
Cantlay had an excellent season last year with just over $9 million in winnings with two wins and another three runner-up finishes.
Justin Thomas +1800
Thomas added another major to his resume last season, edging Zalatoris for the odds to win PGA Championship, getting his second Wanamaker Trophy and $2.7 million.
That was Thomas’ only win of the year, though, so he’ll want to stack more of those together in 2023 with these formal purse events.
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