Golf
2023 Charles Schwab Challenge Purse and Payouts: How Much Money Will the Winner Take Home?
Writing professionally since 2015, Jack Dougherty spent six years as a sportswriter with publications such as GoPSUSports.com, the Centre Daily Times, and the Associated Press before joining Sportscasting in 2020. He covers the NBA, the NFL, and the world of golf extensively and has added expertise on any team located in or around his hometown of Philadelphia. Yes, that includes the Philadelphia Eagles, the Philadelphia 76ers, and Philadelphia Phillies. When Jack isn't writing about sports, he's watching them or playing them as he regularly heads to the gym for some pickup basketball or the golf course to hit the links. He's also an avid participant in the sports betting scene who worked at a casino sportsbook for a year and learned the ins and outs of the industry before bringing his expertise to Sportscasting with one excellent gambling recommendation after another.
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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 Position | Payout |
|---|---|
| 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 |
