LOUISVILLE, Ky. — The 2024 PGA Championship at Valhalla Golf Club will feature a record purse and first-place prize money payout this year.
On Saturday the PGA of America announced the 106th playing of its flagship event will offer an $18.5 million purse, with $3.33 million going to the winner. Second place will earn $1,998,000 while third will bank $1,258,000.
The PGA of America has been steadily increasing the PGA Championship purse over the years, the last several in particular. The 2023 PGA Championship featured a $17.5 million purse, up from $15 million in 2022, $12 million in 2021 and $11 million in 2020. The last time the PGA Championship was at Valhalla in 2014, the purse was $9,913,000.
Players who missed the cut and turned in a 36-hole score will earn $4,000 each. Any player who made the cut but failed to submit a 72-hole score will also be paid $4,000.
Earlier this year at Augusta National, the 2024 Masters offered a $20 million purse, with a top prize of $3.6 million.
2024 PGA Championship purse breakdown
| Position | Earnings |
| 1 | $3,330,000 |
| 2 | $1,998,000 |
| 3 | $1,258,000 |
| 4 | $888,000 |
| 5 | $740,000 |
| 6 | $660,580 |
| 7 | $618,300 |
| 8 | $577,790 |
| 9 | $539,030 |
| 10 | $502,040 |
| 11 | $466,810 |
| 12 | $433,340 |
| 13 | $401,630 |
| 14 | $371,690 |
| 15 | $343,500 |
| 16 | $317,080 |
| 17 | $292,420 |
| 18 | $269,520 |
| 19 | $248,380 |
| 20 | $229,000 |
| 21 | $211,390 |
| 22 | $195,530 |
| 23 | $181,440 |
| 24 | $169,990 |
| 25 | $158,980 |
| 26 | $148,410 |
| 27 | $138,280 |
| 28 | $128,590 |
| 29 | $119,340 |
| 30 | $110,540 |
| 31 | $103,490 |
| 32 | $97,330 |
| 33 | $92,040 |
| 34 | $87,640 |
| 35 | $84,110 |
| 36 | $80,770 |
| 37 | $77,510 |
| 38 | $74,340 |
| 39 | $71,250 |
| 40 | $68,260 |
| 41 | $65,350 |
| 42 | $62,530 |
| 43 | $59,800 |
| 44 | $57,160 |
| 45 | $54,610 |
| 46 | $52,140 |
| 47 | $49,760 |
| 48 | $47,470 |
| 49 | $45,270 |
| 50 | $43,160 |
| 51 | $41,130 |
| 52 | $39,190 |
| 53 | $37,340 |
| 54 | $35,580 |
| 55 | $33,910 |
| 56 | $32,320 |
| 57 | $30,830 |
| 58 | $29,590 |
| 59 | $28,540 |
| 60 | $27,660 |
| 61 | $26,950 |
| 62 | $26,440 |
| 63 | $26,000 |
| 64 | $25,590 |
| 65 | $25,190 |
| 66 | $24,800 |
| 67 | $24,430 |
| 68 | $24,060 |
| 69 | $23,690 |
| 70 | $23,340 |
| 71 | $23,060 |
| 72 | $22,830 |
| 73 | $22,650 |
| 74 | $22,470 |
| 75 | $22,350 |
| 76 | $22,230 |
| 77 | $22,140 |
| 78 | $22,100 |