The 2023 Charles Schwab Challenge prize money payout is from the $8.7 million purse, with 72 professional players who complete four rounds at Colonial Country Club in Ft. Worth, Texas, earning an official-money paycheck this week.
The winner's share of Charles Schwab Challenge prize pool is at $1,566,000, with the second-place finisher taking home $948,300 in PGA Tour prize money today. Charles Schwab Challenge prize-money payout breakdown shows a payout of 18 percent of the purse to the winner, and how much each PGA Tour player earns is guaranteed down to the last-place player, which is $17,487.
For 2023 Charles Schwab Challenge results and payout, see our final leaderboard
The Charles Schwab Challenge field is headed by Scottie Scheffler, Harris English, Harry Hall and more. It's feels like a crowded leaderboard with a variety of outcomes.
This tournament started with 120 players, and a cut was made this week after two rounds. Every professional player in the field is paid for completing the event, but how much each player is paid at the 2023 Charles Schwab Challenge from the correct 2023 Charles Schwab Challenge full-field payout is based on their finish.
The 36-hole cut in this tournament is made to the top 65 players and ties, with every player able to move up in the final round.
The 2023 Charles Schwab Challenge prize money payout is only true after the PGA Tour cut is made, with the PGA Tour adding money to the purse if more than 65 professionals make the cut to ensure all players are paid.
What else is on the line
Beyond money, there are important points, perks and benefits on the line for the field -- in particular, the tournament winner.
The winner of this event will get 500 FedEx Cup points, as this is considered a standard event on the PGA Tour schedule.
Additionally, there are 47.4 Official World Golf Ranking points on the line for the winner.
While this event offers a significant payday, a win comes with the benefits that come with winning on the PGA Tour. Winners of these events get a two-plus season exemption on the PGA Tour, entries into the Masters, PGA Championship and The Players 2024, and entry into the 2024 Sentry Tournament of Champions.
2023 Charles Schwab Challenge prize money, winner's share, first-place payout
For 2023 Charles Schwab Challenge results and payout, see our final leaderboard
| POSITION | MONEY |
|---|---|
| 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 |
| 66 | $18,531 |
| 67 | $18,357 |
| 68 | $18,183 |
| 69 | $18,009 |
| 70 | $17,835 |
| 71 | $17,661 |
| 72 | $17,487 |
