2023 Mitsubishi Electric Championship: Prize Money Breakdown and Winner’s Payout

Published 01/20/2023, 4:00 PM EST

The PGA Tour Champions is the senior tour of the PGA Tour. It features players over the age of 50 competing in a season-long series of events. The events include five major championship events as well. Following the conclusion of the 2022 season in December last year, the Champions Tour now returns with its first event for 2023. The Mitsubishi Electric Championship at Hualalai has been highly anticipated by both the players and the fans.

The Championship is currently underway at the Hualalai Golf Course in Ka’upulehu-Kona, Hawaii. It began on the 19th of January this week and ends on Saturday, the 21st.

The field and format of the Mitsubishi Electric Championship

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The event sees 42 players competing for the title. With no cuts being made at the tournament, all the players will play the final round on Saturday. Additionally, the entire field of 42 stands to receive a piece of the purse.

Nov 11, 2021; Phoenix, Arizona, USA; Bernhard Langer reacts after hitting to the green of the 17th during the first round of the Charles Schwab Cup Championship golf tournament at Phoenix Country Club. Mandatory Credit: Allan Henry-USA TODAY Sports| Courtesy: Reuters

The field includes golf greats like Padraig Harrington, Bernhard Langer, and Steve Alker. Miguel Angel Jiménez, the defending champion, is also on the course this week. He will undoubtedly be looking to retain his title and take home the prize money and perks that come with it.

After the first round, Kevin Sutherland and Darren Clarke are tied for first with a score of 7 under par. Close behind them, by just a stroke, are five other senior players. With two rounds still to go, the championship is still anyone’s game.

How much will the winner of the event take home?

As per Golf Net News, the total purse for the event is $2 million. This is split among all 42 senior players. The winner will not be receiving the standard 15% payout as per the PGA Tour Champions’ prize money distribution chart. Instead, he will receive more, with a total of $340,000.

In addition to the prize money, the winner will also receive Charles Schwab Cup points. Every dollar the players earn converts to one regular-season point to qualify for the Charles Schwab Cup playoffs during the year. At the end of the season, the top five players on the points list will receive a cut of a $2.1 million bonus pool.

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Prize Money Breakdown

The entire prize money breakdown of the Mitsubishi Electric Championship at Hualalai is as follows:

PositionMoney
1$340,000
2$200,000
3$140,000
4$110,000
5$98,000
6$88,000
7$77,000
8$66,000
9$61,000
10$55,000
11$50,000
12$45,000
13$42,000
14$40,000
15$38,000
16$36,000
17$34,000
18$32,000
19$30,000
20$28,000
21$27,000
22$26,000
23$25,000
24$24,000
25$23,000
26$22,000
27$20,500
28$19,000
29$18,000
30$17,500
31$17,000
32$16,500
33$16,000
34$15,500
35$15,000
36$14,500
37$13,500
38$13,000
39$12,500
40$12,000
41$11,500
42$11,000

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Who do you think will take home the win and the perks? Let us know in the comments below.

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Sheldon Pereira

367 articles

Sheldon is a golf writer at EssentiallySports. He is a Business graduate from Christ University, with a degree in Finance and Accounting. He also has an experience as a Senior Audit Associate at an MNC, but his love for writing made him follow his dream and switch careers.

Edited By: Manaal Siddiqui

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