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The first weekend of March Madness is engulfing the sports world right now, but we still have a champion to crown on the PGA Tour. This week, the Tour will travel a few hours south of TPC Sawgrass for the 2023 Valspar Championship at Innisbrook Golf Resort in Tampa, Fla.

Justin Thomas and Jordan Spieth represent the class of this weak field, and they’re understandably the two betting favorites to win the event. Right behind them is Sam Burns, who returns to Innisbrook as the back-to-back Valspar champion. If he can win the tournament this year, he’ll become the first player since Steve Stricker (2009-2011) to three-peat on the PGA Tour.

Although this week isn’t too popular of an event, there’s still a ton of money up for grabs at Innisbrook. Let’s check out the full purse and payouts for the Valspar Championship and see how much money the winner will take home.

The winner of the 2023 Valspar Championship will bank $1.5 million

A Valspar Championship sign is shown.
Signage and tee marker are seen during the first round of the Valspar Championship at Innisbrook Resort and Golf Club | Julio Aguilar/Getty Images

Any PGA Tour event scheduled after the Players Championship is going to look weak in comparison, especially when you look at the purses. Scottie Scheffler took home $4.5 million for his victory at TPC Sawgrass last week, which is more than half of the entire purse available at the Valspar Championship.

Still, there will be $8.1 million up for grabs at Innisbrook this weekend, and the eventual winner will bank $1,458,000. World No. 10 Justin Thomas is the betting favorite to win the Valspar Championship at 10-1 odds, which makes perfect sense considering he’s the highest-ranked player in the field.

Jordan Spieth (12-1), Sam Burns (16-1), and Matt Fitzpatrick (16-1) are the closest contenders behind Thomas.

2023 Valspar Championship purse and payouts

2023 Valspar Championship purse: $8.1 million

Finishing positionPayout
1$1,458,000
2$882,900
3$558,900
4$396,900
5$332,100
6$293,625
7$273,375
8$253,125
9$236,925
10$220,725
11$204,525
12$188,325
13$172,125
14$155,925
15$147,825
16$139,725
17$131,625
18$123,525
19$115,425
20$107,325
21$99,225
22$91,125
23$84,645
24$78,165
25$71,685
26$65,205
27$62,775
28$60,345
29$57,915
30$55,485
31$53,055
32$50,625
33$48,195
34$46,170
35$44,145
36$42,120
37$40,095
38$38,475
39$36,855
40$35,235
41$33,615
42$31,995
43$30,375
44$28,755
45$27,135
46$25,515
47$23,895
48$22,599
49$21,465
50$20,817
51$20,331
52$19,845
53$19,521
54$19,197
55$19,035
56$18,873
57$18,711
58$18,549
59$18,387
60$18,225
61$18,063
62$17,901
63$17,739
64$17,577
65$17,415

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2023 Valspar Championship Predictions: Winners, Sleepers, Busts, and Holes to Watch at Innisbrook