PGA Championship payout distribution 2024: Purse, winner's prize money

The PGA Championship returned to Valhalla in 2024 for the year's second major championship. Site of the 2014 PGA Championship and located in the city renowned for the famous Kentucky Derby, Valhalla was set to deliver another exhilarating race to the finish just as it had done on the three previous occasions it had hosted the famous championship.

Heading into the final round at Valhalla, no fewer than fifteen players found themselves within five shots of the lead with Xander Schauffele and 2020 PGA Champion, Collin Morikawa, leading the charge.

In search of his first victory in a major championship, Xander Schauffele found himself in the final group on a Sunday for a second consecutive week. A week after leading the way through three rounds of the Wells Fargo Championship, Xander was in a familiar position once again after holding the outright lead or a share of it throughout the first three rounds of the 106th PGA Championship.

The 30-year-old Schauffele recorded a 3-under 68 on Moving Day at Valhalla during a round that included just his second bogey or worse of the week, a costly double on the 15th. The Olympic gold medalist rebounded from his first dropped shots of the day by birdieing his final two holes to maintain his position at the top of the leaderboard going into the final round.

Two-time major winner Collin Morikawa had given himself a great chance to win his third major and second PGA Championship following rounds of 66, 65, and a 4-under 67 on Moving Day to pull alongside Schauffele at the top. Morikawa would attempt to become just the 23rd player to have won multiple PGA Championships in the history of the famous competition.

At a locale that has historically produced some of the lowest scoring averages for a single round in PGA Championship history, as stats guru Justin Ray of the Twenty First Group and The Athletic highlighted on social media, players knew going into the final round of this year's PGA Championship that they would need to keep the pedal down in order to take home the Wanamaker Trophy come Sunday evening.

Whether it was seasoned major winners like Collin Morikawa, Shane Lowry, Justin Rose, or hometown hero Justin Thomas, or players looking for their breakthrough major win like Schauffele, Sahith Theegala, or Viktor Hovland, the race for the Wanamaker Trophy was set to go down to the wire.

Whoever came out on top and wrote their name in the history books as a major champion would not only take home the famous trophy, but also a handsome portion of this year's PGA Championship prize purse. Let's take a look at the 2024 PGA Championship payout distribution and everything to know about this year's purse and prize money at Valhalla.

PGA Championship 2024: Total purse and winner's prize money

The PGA Championship's record-breaking purse for its 106th edition is set at a massive $18.5 million for 2024. This is an increase from last year's PGA Championship purse of $17.5 million at Oak Hill and the $17 million prize that was dished out at Southern Hills for the 2022 PGA Championship. The PGA Champion for 2024 will take home an eye-opening $3.33 million winner's share; 18% of the overall purse for the year's second major. This is also an increase from the $3.15 million sum that last year's PGA Champion Brooks Koepka took home and an increase of $630,000 from Justin Thomas' winning share at the 2022 PGA Championship of $2.7 million.

PGA Championship payout distribution by finishing position in 2024

Here's the full breakdown of the PGA Championship payout distribution for this year's $18.5 million prize purse. From the PGA Champion in 2024 to all 78 finishers who made the cut at Valhalla. Those who failed to make the cut in the year's second major and turned in a 36-hole score will earn $4,000 for their efforts. Meanwhile, any player who made the cut but failed to turn in a 72-hole score was also guaranteed to take home $4,000 at the 2024 PGA Championship.

The Top 3 finishers at this year's PGA Championship will take home over $1 million in prize money while finishing inside of the Top 13 at Valhalla will net a player at least $400,000. Meanwhile, the Top 31 positions in this year's PGA Championship payout distribution will take home at least six figures while those who made the cut in the year's second major and recorded a 72-hole score are guaranteed to take home over $22k.

The increased PGA Championship purse for its 106th edition ranks as one of the biggest purses of the season. It comes in only slightly behind this season's Signature Event purses on the PGA Tour, LIV Tour purses, and April's Masters which have had whopping purses of $20 million each.