
Golf prize money is distributed in various ways, with amateurs receiving no earnings and golfers who tie splitting the earnings awarded to all finishing positions. The PGA Tour features the most prize money, with eight events in 2025 having $20 million purses, and The Players Championship offering the biggest purse of $25 million. The winner of the 2025 Masters, which has a purse of $21 million, will receive $4.2 million. In addition, some tournaments, like the Masters, pay appearance fees to golfers who miss the cut, which is typically around $10,000.
| Characteristics | Values |
|---|---|
| Prize money distribution in case of a tie | Tied golfers split the earnings awarded to all finishing positions from their finishing position plus the number of golfers with whom they are tied |
| Amateurs | Amateurs do not receive earnings |
| Appearance fees | The Masters typically pays an appearance fee of $25,000 to golfers who miss the cut. This is not considered official money and is not included in projected earnings |
| Payout percentages | The standard PGA Tour Payout percentages are used to project the PGA Leaderboard Payout for each event live |
| Total prize money | Over $400 million in prize money and payouts will be available during the 2025 PGA regular season, including the three playoff events |
| Signature event purses | All PGA Tour signature events will have $20 million purses |
| Biggest purse | The Players Championship will be the biggest purse of the 2025 season with $25 million |
| Biggest winner's share | The biggest winner's share for the 2025 PGA Tour season was $4.5 million at The Players Championship |
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What You'll Learn

Amateurs receive $0 in earnings
Amateurs in golf tournaments do not receive any prize money for their performance. For example, if an amateur golfer places third in a tournament, they will receive $0 in earnings, and the fourth-place golfer will receive the prize money normally awarded to the third-place golfer. All other positions below third place will also get bumped up in terms of their earnings.
This rule applies to both the PGA Tour and other major golf tournaments, such as the Masters, PGA Championship, U.S. Open, and British Open. While golfers on the PGA Tour can earn a significant amount of money, even without winning a tournament, amateurs are not afforded the same opportunity to earn through their tournament performance.
For instance, on the PGA Tour, there have been golfers who have earned $10 million or more in their careers without ever winning a tour event. This highlights the earning potential for professional golfers, even without achieving a tournament victory. However, amateurs are not afforded this same opportunity to earn prize money, regardless of their performance or finishing position in a tournament.
The rationale behind this rule is likely due to the distinction between amateur and professional golfers. Amateurs are typically individuals who play golf as a hobby or for recreational purposes, while professionals are those who have chosen to pursue golf as a career and depend on tournament earnings as a source of income. By restricting prize money to amateurs, tournament organizers can ensure that financial rewards are directed towards those for whom golf is a profession, thereby supporting their livelihood and contributing to the overall growth and sustainability of the sport.
While amateurs may be motivated by the prestige and recognition associated with participating in high-level golf tournaments, the current structure of prize money distribution does not provide them with financial incentives. This distinction between amateurs and professionals in terms of prize money distribution is an important aspect of the golf tournament landscape, influencing the opportunities available to golfers at different levels of the sport.
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Appearance fees are paid to golfers who miss the cut
Appearance fees are sums of money paid to golfers to incentivize their participation in a tournament. They are common on professional golf tours outside of the United States, such as the European Tour, and are not considered unethical or against the rules. Appearance fees are not recognized as official prize money and are therefore not included in projected or official earnings.
In the United States, appearance fees are considered violations of tour policy. The PGA Tour, for example, outlaws appearance fees to protect the success of tournaments that do not have the budget for them. However, golfers on U.S. tours can still receive large sums of money for playing in tournaments through other means. For instance, a tournament may stage a skins game or pro-am event and pay players to participate in those. Large donations to a golfer's charity can also serve as a form of appearance fee as long as there is no proof of a direct exchange.
While the PGA Tour maintains a moral high ground regarding appearance fees, there are numerous ways to get around the ban. For example, a sponsor can offer a player a significant amount of money to make an appearance at a cocktail party before the tournament, and their subsequent participation in the tournament can be considered a coincidence. There are more ways to get around the ban on appearance fees than there are agents in the William Morris Agency.
The Masters is an example of a tournament that pays an appearance fee to golfers who miss the cut. In 2025, this fee was $25,000, which is close to the historical average of $10,000.
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Earnings are split between tied golfers
The PGA Tour will sometimes throw in extra cash to payout golfers who finish beyond 65th place if more than 65 players make the cut. Some major tournaments, like the Masters, will also pay an appearance fee to golfers who miss the cut. This is typically around $10,000 to $25,000 USD and is not considered official money.
While golfers who tie will receive a pay bump relative to golfers who finish beneath them, they do not earn a financial edge compared to finishing alone in a higher position.
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Prize money is skewed towards top-tier players
While there is a great deal of parity on the PGA Tour, prize money is often skewed towards top-tier players. For instance, the winner of the 2025 Masters took home $4.2 million from a total purse of $21 million. The winner of the 2025 Players Championship, Rory McIlroy, won $4.5 million from a total purse of $25 million, the biggest of the 2025 PGA Tour season.
There is also evidence that prize money is skewed towards top-tier players in the long term. For example, there are 22 golfers who have earned $10 million or more in their PGA Tour careers without ever winning a tour event. This is significantly more than golfers with multiple wins and majors, such as Ben Crenshaw (19 wins, two majors), Lee Trevino (29 wins, six majors), and Johnny Miller (25 wins, two majors), who earned $3 million, $6.5 million, and $7 million, respectively, throughout their careers.
While amateurs receive $0 in earnings, there are instances where golfers who miss the cut are still paid an appearance fee. For example, the Masters paid an appearance fee of $25,000 in 2025, and some tournaments pay $10,000.
Additionally, there are instances where golfers who finish in second place will still receive a payout, and if golfers are tied, they split the earnings of all finishing positions.
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The PGA Tour features the most prize money
The 2025 Masters purse was $21,000,000, with the winner taking home $4,200,000. The 2025 PGA Championship purse is $19,000,000, and the 2024 Open Championship purse was $17,000,000.
The PGA Tour also offers significant earnings for golfers who do not win tournaments. There are 22 golfers who have earned $10 million or more in their PGA Tour careers without ever winning a tour event. For instance, Bud Cauley has made over $10 million in winnings in 140 starts without a win.
The PGA Tour also has specific rules for how prize money is distributed when golfers tie. In such cases, they split the earnings awarded to all finishing positions from their finishing position plus the number of golfers with whom they are tied. For instance, if two golfers tie for second place, they split the money paid out to second and third place.
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Frequently asked questions
The formula for dividing each tournament's purse is set by the PGA Tour, with exceptions made for special events. Each golfer who makes the cut receives a specified percentage of the prize money, depending on where they finish in the final standings.
If golfers are tied, they split the earnings awarded to all finishing positions from their finishing position plus the number of golfers with whom they are tied.
No, amateurs do not receive prize money. If an amateur places solo 3rd, they receive $0 and the 4th place golfer receives the prize money for 3rd place.
The standard percentage of a tournament's purse for the champion is 18%.
The 2025 Masters purse is $21,000,000, with the winner receiving $4,200,000.











































