Wednesday November 29, 2023

LPGA’s Record Prize Money Highlights Major Investment in Women’s Sports

  • In 2024, the LPGA Tour Championship will pay out $11 million.
  • The winner's share of $4 million will be on par with top men's golf events.
Syndication: The Enquirer
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The LPGA’s CME Group Tour Championship tees off on Thursday with a purse of $7 million — a season-high outside of the major championships. 

Next year, that number will be even bigger.

In 2024, the LPGA’s season-ending event will pay out $11 million, including a whopping $4 million check for the winner. The total purse matches that of the 2023 U.S. Women’s Open, while the winner’s portion will double this weekend’s prize — and is on par with the $4 million awarded to winners at many of the PGA Tour’s signature events and LIV Golf’s cash-induced tournaments. 

It’s also more than any men’s major offered to its winner in 2023.

The additional funding comes from title sponsor CME Group, which has extended its deal through 2025. 

It’s not the only sponsor stepping up to support women’s golf this year. Ally is reportedly close to a deal with the U.S. Women’s Open, while KPMG and AIG both extended their respective deals with the Women’s PGA Championship and Women’s British Open this year as purses continued to increase across the board.

Not Just Golf

Women’s soccer has also seen an influx of new money this year, highlighted by new $240 million media rights deals for the NWSL that begin next season. Expansion fees for the league are trending north of $50 million.

Internationally, the Women’s FA Cup is doubling its prize money to more than $7 million, and Football Australia is boosting its women’s national team player salaries.

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