PGA Championship payout distribution 2024: Prize money, purse

The 2024 PGA Championship has been packed to the brim with drama and entertainment. Obviously, the biggest storyline of the week was reigning Masters champion Scottie Scheffler being arrested early on Friday morning ahead of his tee time. But the golf out at Valhalla Golf Club has delivered the goods as well, setting up for a thrilling finish on Sunday with Xander Schauffele in the lead.

Schauffele entered the final round tied with Collin Morikawa for the lead at the PGA Championship but they were anything but clear of the chase pack behind them. Sahith Theegala was just one shot behind the leaders with Bryson DeChambeau, Viktor Hovland and Shane Lowry all nipping at their heels from two strokes back. It set up for a storybook and thrilling finish on Sunday at Valhalla, especially with the lack of defense the golf course had shown throughout the week in terms of scoring.

Obviously, every player in the field this week was looking for major championship glory and the chance to hoist the Wanamaker Trophy. However, the PGA Championship payout and prize money on the line isn't anything to scoff at. How much is the purse and how much money is on the line this week at Valhalla? We have it all broken down for you.

PGA Championship purse 2024: Winner's prize money, total purse

The winner of the 2024 PGA Championship at Valhalla will receive $3.33 million for the victory at the major championship, a record-high for the tournament as is the total $18.5 million purse the players are competing for a share of this week. However, the PGA Championship purse at that $18.5 million total is less than this year's Masters ($20 million) and at last year's U.S. Open ($20 million) but does exceed the purse at last year's Open Championship ($16.5 million). It's also a $1 million increas from the purse at the 2023 PGA Championship.

PGA Championship payout distribution by finishing position in 2024

Here's a full PGA Championship payout breakdown for every finishing position in the field.

There's quite a bit of money on the line for just a good finish this week, even if a player doesn't win. The Top 3 on the final leaderboard will all clear a seven-figure payout at the 2024 PGA Championship. Meanwhile, all of the Top 31 finishers at Valhalla will make six figures this week for their golfing performance.

It's also worth noting that the players who missed the cut, which was half of the 156-player field this week, will still receive $4,000, even if that pales in comparison at $18,000 less than the golfer who finishes in dead-last among the 78 players who made the cut.

PGA Championship purse, winner's payout from the last 5 years

How much as the PGA Championship purse increased in recent years? Let's take a look at the total purse and the winner's share over the last five playings of this tournament.

We've seen a huge increase in the prize money at the PGA Championship over the past five years, up $7.5 million in 2024 from what it was in 2020. What's even more staggering is seeing that the purse for the 2014 PGA Championship -- the last time this major championship was played in Louisville at Valhalla -- was at only $9.913 million with the winner receiving $1.8 million (less than the runner-up will receive in 2024).