2021 Charles Schwab Challenge Purse and Prize Money Breakdown

Phil Mickelson ruled the golf world last week by becoming the oldest player ever to win a major tournament when he topped the 2021 PGA Championship. For his excellence at the Ocean Course at Kiawah Island, Mickelson went home with $2.16 million. Well, there’s more money to be made this week in the 2021 Charles Schwab Challenge, where another hefty sum is up for grabs for the top finishers. Find out more about the purse in this tournament at the Colonial Country Club.

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Updated Purse and Prize Money Breakdown for the 2021 Charles Schwab Challenge Golf Tournament Running from May 27-30 2021

Where: Colonial Country Club, Fort Worth

When: May 27-30, 2021

Lines: View all 2021 Charles Schwab Challenge lines

TV Broadcast: GOLFTV

The Total Payout | $7.5 million

The 2021 Charles Schwab Challenge traces its roots all the way back to 1946, with the legendary Ben Hogan winning $3,000 of the $15,000 purse. The first time the purse in this tournament reached $100,000 was in 1965, with Bruce Crampton getting the $20,000 top prize. In 1989, when the tournament was still known as the Southwestern Bell Colonial, the total prize hit the $1 million mark. It took almost two decades more before the winners’ purse got to $1 million. That was in 2005 when Kenny Perry won the Bank of America Colonial and pocketed a cool sum of $1.008 million. Last year, Daniel Berger won the 2020 Charles Schwab Challenge and cashed in $1.35 million.

The Complete Breakdown

Based on the standardized formula that the PGA Tour is using in dividing the purse for each major event, here’s what the top-50 finishers in the tournament will receive.

Finish | Payout Amount
1 | $1,350,000.00
2 | $817,500.00
3 | $517,500.00
4 | $367,500.00
5 | $307,500.00
6 | $271,875.00
7 | $253,125.00
8 | $234,375.00
9 | $219,375.00
10 | $204,375.00
11 | $189,375.00
12 | $174,375.00
13 | $159,375.00
14 | $144,375.00
15 | $136,875.00
16 | $129,375.00
17 | $121,875.00
18 | $114,375.00
19 | $106,875.00
20 | $99,375.00
21 | $91,875.00
22 | $84,375.00
23 | $78,375.00
24 | $72,375.00
25 | $66,375.00
26 | $60,375.00
27 | $58,125.00
28 | $55,875.00
29 | $53,625.00
30 | $51,375.00
31 | $49,125.00
32 | $46,875.00
33 | $44,625.00
34 | $42,750.00
35 | $40,875.00
36 | $39,000.00
37 | $37,125.00
38 | $35,625.00
39 | $34,125.00
40 | $32,625.00
41 | $31,125.00
42 | $29,625.00
43 | $28,125.00
44 | $26,625.00
45 | $25,125.00
46 | $23,625.00
47 | $22,125.00
48 | $20,925.00
49 | $19,875.00
50 | $19,275.00
51 | $18,825.00
52 | $18,375.00
53 | $18,075.00
54 | $17,775.00
55 | $17,625.00
56 | $17,475.00
57 | $17,325.00
58 | $17,175.00
59 | $17,025.00
60 | $16,875.00
61 | $16,725.00
62 | $16,575.00
63 | $16,425.00
64 | $16,275.00
65 | $16,125.00

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