Charles Schwab Challenge Purse and Prize Money Breakdown 2020

After seeing Tom Brady and Phil Mickelson square off with Tiger Woods and Payton Manning in a charity exhibition match that’s sanctioned by the PGA Tour, it’s time to get down to business for the players in the tour. Following a long layoff due to the COVID-10 pandemic, the PGA Tour will resume action in Texas for the 2020 Charles Schwab Challenge. The Charles Schwab Corporation inked a deal with the PGA Tour as the tournament’s sponsor last year and that will last until 2022. Prior to 2019, the tournament was called the Fort Worth Invitational in 2018 and the Dean & DeLuca Invitational from 2016 to 2017. A total of $7.5 million will be up for grabs for the competitors this year in Fort Worth. Let’s take a look at the breakdown of the purse below.

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Updated Purse and Prize Money Breakdown for the 2020 Charles Schwab Challenge PGA Golf Tournament Running from June 8 to 14, 2020

Where: Colonial CC, Fort Worth, Texas

When: June 8 to 14, 2020

Lines: View all 2020 PGA betting lines

TV Broadcast: CBS

The Total Payout – $7.5 million

Last year, Kevin Na bagged the top prize worth $1.35 million by finishing with a 13 under par overall. Back then, the total purse for the tournament was at $7.3 million, which was a $200,000 improvement from the purse a year before. In fact, the total purse at the tournament has gone up each year since 2015, when Chris Kirk topped the field and took home $1.17 million of the $6.5 million prize pool. In terms of the prize, the tournament has come a long way since its inception in 1946. That year, the legendary Ben Hogan won his first of five wins at the tournament and pocketed a mere sum of $3,000 from the total purse of $15,000.

The Complete Breakdown

Using the current PGA formula for calculating the distribution of tournament prize money money, the following details the updated breakdown for the best 10 finishers at the 2020 Charles Schwab Challenge.

Finish | Payout Amount
1 | 1350000
2 | 810000
3 | 510000
4 | 360000
5 | 300000
6 | 270000
7 | 251250
8 | 232500
9 | 217500
10 | 202500

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