The golf competition on the PGA Tour that will take place at TPC Scottsdale in Scottsdale, Arizona, has been confirmed. The competition held its inaugural event in 1932. According to the news, the 2023 Phoenix Open prize money is $20 million for the PGA Tour.

Phoenix Open Prize Money 2023

The 2023 Phoenix Open will have the biggest prize money on the PGA Tour, with a payout of $20 million which is a 65% higher as compared to $8.2 million in the previous year.

The prize money will now be 8 figures for the first time, which is a significant increase over the last competition. The prize money for the event winner is $3.6 million, which is a considerable increase from Scottie Scheffler’s $1.476 million victory in 2022.

The Phoenix Open 2023 runner-up will receive $2.8 million and the 3rd place player will earn $1,380,000 prize money.

Place	Prize Money
Winner	$3,600,000
Runner-up	$2,180,000
3rd place	$1,380,000
4	$980,000
5	$820,000
6	$725,000
7	$675,000
8	$625,000
9	$585,000
10	$545,000
11	$505,000
12	$465,000
13	$425,000
14	$385,000
15	$365,000
16	$345,000
17	$325,000
18	$305,000
19	$285,000
20	$265,000
21	$245,000
22	$225,000
23	$209,000
24	$193,000
25	$177,000
26	$161,000
27	$155,000
28	$149,000
29	$143,000
30	$137,000
31	$131,000
32	$125,000
33	$119,000
34	$114,000
35	$109,000
36	$104,000
37	$99,000
38	$95,000
39	$91,000
40	$87,000
41	$83,000
42	$79,000
43	$75,000
44	$71,000
45	$67,000
46	$63,000
47	$59,000
48	$55,800
49	$53,000
50	$51,400
51	$50,200
52	$49,000
53	$48,200
54	$47,400
55	$47,000
56	$46,600
57	$46,200
58	$45,800
59	$45,400
60	$45,000
61	$44,600
62	$44,200
63	$43,800
64	$43,400
65	$43,000