2023 Charles Schwab Challenge: Prize Money Breakdown and Winner’s Payout

Published 05/23/2023, 8:30 PM EDT

Get ready for an electrifying showdown on the hallowed grounds of the Colonial Country Club in Fort Worth, Texas, USA. Every player who makes the cut will earn a share of the prestigious prize money, intensifying the battle for the highest possible finish. From May 25th to May 28th, 2023, the 2023 Charles Schwab Challenge will unveil a spectacle of skill, determination, and heart-stopping moments on the PGA Tour.

As an invitational event, the Charles Schwab Challenge features a select field of 120 players who have earned their spots through the PGA Tour’s rigorous selection process.

Unleashing the thrills at the Charles Schwab Challenge

With a total prize money pool of $8.7 million, the 2023 Charles Schwab Challenge promises high stakes and fierce competition. The winner’s share amounts to an impressive $1,566,000, adhering to the PGA Tour’s standard 18 percent payout distribution chart. The quest for the prestigious title and a substantial payoff has attracted top-tier players like Scottie Scheffler, Jordan Spieth, and Max Homa, all vying to etch their names in golfing history.

As an invitational event, the Charles Schwab Challenge features a field of 120 players who have earned their spots through the PGA Tour’s priority order and other qualifying criteria. After 36 holes, a cut will be made, allowing the top 65 players and ties to advance to the final rounds. It is worth noting that all players who complete four rounds will earn a share of the prize money, creating a compelling race for the highest possible finish.

The stakes, competitors, and opportunities at the 2023 Charles Schwab Challenge

Beyond the monetary rewards, the Charles Schwab Challenge offers players valuable opportunities to accrue FedEx Cup points and Official World Golf Ranking (OWGR) points. The champion will be awarded 500 FedEx Cup points, enhancing their chances of qualifying for the season-ending FedEx Cup playoffs. Additionally, the winner receives 50 OWGR points, with the exact points allocation dependent on the strength of the field.

Alongside the substantial payday and points, the champion will receive a coveted two-year exemption on the PGA Tour, providing stability and security for their future endeavors. Furthermore, an exemption into next year’s Tournament of Champions awaits, allowing the winner to compete against other tournament winners in a prestigious event.

Challenge prize money payout

1	$1,566,000
2	$948,300
3	$600,300
4	$426,300
5	$356,700
6	$315,375
7	$293,625
8	$271,875
9	$254,475
10	$237,075
11	$219,675
12	$202,275
13	$184,875
14	$167,475
15	$158,775
16	$150,075
17	$141,375
18	$132,675
19	$123,975
20	$115,275
21	$106,575
22	$97,875
23	$90,915
24	$83,955
25	$76,995
26	$70,035
27	$67,425
28	$64,815
29	$62,205
30	$59,595
31	$56,985
32	$54,375
33	$51,765
34	$49,590
35	$47,415
36	$45,240
37	$43,065
38	$41,325
39	$39,585
40	$37,845
41	$36,105
42	$34,365
43	$32,625
44	$30,885
45	$29,145
46	$27,405
47	$25,665
48	$24,273
49	$23,055
50	$22,359
51	$21,837
52	$21,315
53	$20,967
54	$20,619
55	$20,445
56	$20,271
57	$20,097
58	$19,923
59	$19,749
60	$19,575
61	$19,401
62	$19,227
63	$19,053
64	$18,879
65	$18,705

The 2023 Charles Schwab Challenge promises exhilarating golfing action, as players aim to secure their spot in history while competing for substantial prize money, valuable points, and coveted exemptions. It’s an event that embodies the spirit of competition and showcases the unwavering dedication of the world’s top golfers.

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Written by:

Sakshi is a golf author at EssentiallySports. Writing and golf are her two biggest passions, and making a career out of the two combined is a dream come true. Tiger Woods has been her gateway into the sport right from her childhood.

Edited by:

Manaal Siddiqui