Golf

2023 Charles Schwab Challenge Purse and Payouts: How Much Money Will the Winner Take Home?

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Sam Burns celebrates after winning the Charles Schwab Challenge.

The week after a major championship is always a dispiriting one for golf fans. The PGA Championship gave us Brooks Koepka’s return to major glory, Michael Block‘s magical introduction to the golf world, and so much more. It won’t be easy for this week to replicate the drama that unfolded at Oak Hill Country Club.

But the 2023 Charles Schwab Challenge still has its fair share of riveting storylines.

Block, who captivated golf fans everywhere with his T15 finish at the PGA Championship, is in the field this week after receiving a last-minute exemption. World No. 1 Scottie Scheffler will headline a field that features nine of the top 20 players in the Official World Golf Ranking. The Texas native is a massive betting favorite to win his third tournament of the 2022-23 season this week.

If he does, how much money will he go home with? Let’s check out the 2023 Charles Schwab Challenge purse and payouts for every finishing position.

The winner of the Charles Schwab Challenge will bank $1.566 million

The Charles Schwab Challenge isn’t an elevated event on the 2022-23 PGA Tour schedule, but some of the best players in the world still decided to make the trip to Colonial Country Club just one week after the second major championship of the year.

Scottie Scheffler, Viktor Hovland, Jordan Spieth, and Max Homa are a few of the nine players ranked inside the OWGR top 20 teeing it up this week. They will all be playing for the plaid jacket and a $1,566,000 cash prize for the winner.

Scheffler is the clear favorite to win the tournament at +400 odds, with Hovland (+1300) and Spieth (+1400) right behind him on the odds board.

2023 Charles Schwab Challenge purse and payouts

2023 Charles Schwab Challenge purse: $8.7 million

Finishing PositionPayout
Winner$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