PGA Tour 2023 | Charles Schwab Challenge Purse and Prize Money Breakdown

Another exciting Major has ended, but the intensity doesn’t stop on the PGA Tour. The Charles Schwab Challenge is another intense tournament with a top-level field, as only the best can be invited to compete in this event.

Being an invitation-only tournament, the level of play at the Charles Schwab Challenge is extremely high. The Colonial Country Club in Texas is one of the toughest courses on the Tour, and players’ shot selection and patience will be put to the test.

Photo Twitter @CSChallengeFW

Although the prize money is not as high as that of the PGA Championship and the Memorial the following week, the Charles Schwab Challenge is still a highly sought-after event, with a total purse of $8,700,000 to be divided among the winners.

The tournament began in 1946, with Ben Hogan winning the first championship. Hogan remains the all-time leader with five Charles Schwab trophies in his collection (at the time it was called the Colonial National).

The PGA Tour never lets up, and here at JefeBet, we keep you updated on the Charles Schwab Challenge purse and prize money that each golfer will take home from this exciting.

Updated Purse and Prize Money Breakdown for the PGA Tour Charles Schwab Challenge Running from May 25–28 2023

Photo Twitter @CSChallengeFW

Interesting Facts and Trivia about the 2023 Charles Schwab Challenge

– The first edition in 1946 was won by Ben Hogan, who received a modest prize of $3,000 out of the $15,000 that was awarded.

– The tournament broke the million-dollar prize barrier in 1989 when Ian Baker Finch won $180,000 out of the $1 million that was distributed.

– Since 2019, it has been called the Charles Schwab Challenge, and in its first edition under that name, $7.3 million was awarded as the total prize money. Kevin Na emerged victorious that year, earning $1.314 million in prize money.