PGA Tour American Express prize money: How much does the winner take home?
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PGA Tour American Express prize money: How much does the winner take home?

The PGA Tour for American Express is one of the most lucrative gold tournaments, attracting thousands of viewers. The tournament invites golfers who participate to win the top prize. One of the most asked questions about the event is the PGA Tour American Express prize money that winners take home.

American express PGA prize money
A general view of the 18th green during the final round of The American Express at PGA West Pete Dye Stadium Course on 22 January 2023 in La Quinta, California. Photo: Katelyn Mulcahy
Source: Getty Images

Over the years, the prize money for the American Express golf tournament has increased significantly. Winners of the 2023 edition took home more than what previous champions pocketed. Therefore, we have compiled the PGA American Express money list to help you know what each golfer gets in the tournament.

American Express PGA prize money

The prize money for American Express golf tournament in 2023 stood at $8 million. Golfers get paid money depending on how they perform. In 2022, the overall prize money payout was $7.6 million.

Who pays prize money on PGA Tour?

The PGA Tour is a non-profit organization. According to sources, television rights provide 60% of each tournament's purse, while the other 40% comes from event sponsors.

Who pays prize money on PGA Tour?
Scottie Scheffler plays his shot from the 17th tee on the Stadium Course at PGA West on 19 January 2020, in La Quinta, California. Photo: Keyur Khamar
Source: Getty Images

Past sponsors

The tournament has had many sponsors since its inception in 1960. Here is a list of past and current sponsors.

SponsorYear
Palm Springs Desert Classic1960
Palm Springs Golf Classic1961-1964
Bob Hope Desert Classic1965-1983, 1984-1985
Bob Hope Chrysler Classic1986-2008
Bob Hope Classic2009-2011
Humana Challenge2012-2015
CareerBuilder Challenge2016-2018
Desert Classic2019
The American Express2020-present

Where is the tournament played?

The PGA American Express event occurs on three golf courses in Southern California. It features a 54-hole cut across the three courses. They are:

  • PGA West, Dye Stadium Course, La Quinta, Calif.
  • PGA West, Nicklaus Tournament Course, La Quinta, Calif.
  • La Quinta Country Club, La Quinta, Calif.
Payouts for American express golf tournament
Golfers at the PGA West Nicklaus Tournament Course on 19 January 2023 in La Quinta, California. It is one of three venues hosting the golf tournament. Photo: Meg Oliphant
Source: Getty Images

What is the prize money for the PGA American Express 2023?

The winner of the 2023 edition took home $1.44 million. It is a significant increase compared to the 2022 event, where the winner parted with $1.368 million.

Who won American Express PGA?

American golfer Jon Rahm emerged victorious at the American Express. He overcame fierce competition from Davis Thompson after an epic duel to secure his second title after winning the 2018 edition. It was also his fourth victory in his last six starts.

Who won American Express PGA?
Spanish golfer Jon Rahm celebrates with the trophy after winning the final round of the tour at PGA West Pete Dye Stadium Course in January 2023 in La Quinta, California. Photo: Meg Oliphant.
Source: Getty Images

Payouts for the American Express golf tournament

The American Express PGA tour payout money is distributed based on performance. The winner usually gets the highest share, followed by the runners-up. Here is a breakdown of the 2023 PGA tour American Express payout for the top 10 rankings.

PositionPlayerScoreEarnings
1 Jon Rahm -27 $1.44 million
2 Davis Thompson-26$872k
T3Xander Schauffele-25$472k
T3Chris Kirk-25$472k
5Taylor Montgomery-24$328k
T6Erik van Rooyen-23$252.4k
T6Matti Schmid-23$252.4k
T6Robby Shelton-23$252.4k
T6Tom Kim-23$252.4k
T6J.T. Poston-23$252.4k

Format

The tournament happens over four days, with each pro in the field paired with an amateur during the first three days at PGA West's Dye Stadium Course. Each player gets one round in the first three days. After that, the top 65 proceed to the final round. At the end of the 72-hole event, the player with the lowest score wins the competition.

Past winners

The PGA Tour America Express has had dozens of winners since 1960. Arnold Palmer was the first golfer to win it. He is also the most successful with five titles (1960, 1962, 1968, 1971, 1973). Seven players have won the event twice, including the 2023 champion, Jon Rahm. Below is a list of the winners since 2010 and their earnings.

PGA American Express money list
Arnold Palmer poses with his PGA Tour Lifetime Achievement Award in 1998. Photo: Stan Badz
Source: Getty Images
YearPlayerEarning
2023Jon Rahm$1.44 million
2022Hudson Swafford$1.368 million
2021Si Woo Kim$1.206 million
2020Andrew Landry$1.206 million
2019Adam Long$1.06 million
2018Jon Rahm$1.06 million
2017Hudson Swafford$1.044 million
2016Jason Dufner$1.044 million
2015Bill Haas$1.026 million
2014Patrick Reed$1.026 million
2013Brian Gay$1.008 million
2012Mark Wilson$1.008 million
2011Jhonattan Vegas$900k
2010Bill Haas$900k

2024 could see the PGA Tour American Express prize money increase. The tournament continues to attract talented golf players who treat the audience with brilliant displays on the golf courses. So, will American Express continue sponsoring the event in 2024?

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Source: Sports Brief News