It’s a sign of the times in men’s professional golf. When the PGA of America reveals the prize money payouts for the 2024 PGA Championship after a cut is made at Valhalla Golf Club in Louisville, the question isn’t whether the overall purse will jump to a new record level. Rather, it’s by how much.

A year ago, the PGA Championship paid out $17.5 million, a which was up from $15 million in 2022, $12 million in 2021 and $11 million in 2020.

The expectation is that the PGA of America will likely increase the 2024 prize money payout to $20 million. That would put it in line with the Masters and U.S. Open, as well as the $20 million paydays offered in the PGA Tour’s new signature events and the $20 million paydays being played for individually on the LIV Golf circuit.

For perspective, here’s a look at the evolution of the prize money payout in the PGA Championship, offering a revealing glance at the trajectory of golf purses in general over the years:

Year: Winner’s Pay, Total Purse 1916: $500, $2,580 (first year of the event) 1931: $1,000, $7,200 (first year winner’s pay increased) 1953: $5,000, $20,700 (first year winner’s pay was $5K) 1958: $5,500, $39,388 (first year of stroke play, also the winner’s amount actually decreased that year) 1965: $25,000, $149,700 1978: $50,000, $300,240 1983: $100,000, $608,099 1988: $160,000, $1,000,000 (first year with a $1M total purse) 1993: $300,000, $1,702,750 1998: $540,000, $2,886,800 2000: $900,000, $5,031,100 (first year with a $5M total purse) 2003: $1,080,000, $5,938,300 (first year with $1M-plus to the winner) 2009: $1,350,000, $7,484,500 2014: $1,800,000, $9,913,000 2018: $1,980,000, $11,000,000 2021: $2,160,000, $12,000,000 2022: $2,700,000, $15,000,000 2023: $3,150,000, $17,500,000

Here is a breakdown of the prize money payouts offered last year at Oak Hill when the overall purse was $17.5 million. We’ll update this when the new totals for 2024 are revealed.

Private Valhalla Golf Club Louisville, KY 4.6 102 Panelists

• 100 Greatest
• Best In State

Given a difficult piece of land on which to create Valhalla (half the site was floodplain, with high-tension power poles), Jack Nicklaus drew on his training under Pete Dye and Desmond Muirhead to produce a unique design, with an alternate fairway par 5, a par 4 with an island green and an 18th green shaped like a horseshoe. Over the decades, Nicklaus returned periodically to update its challenges, and the club rebuilt bunkers and replaced its soft bent grass fairways with firmer, faster zoysia in 2022. Valhalla has proven to be a great championship site. It has hosted three thrilling PGA Championships, the latest Rory McIlroy’s win in 2014, and will host a fourth in 2024. View Course

Win: $3,150,000

2: $1,890,000

3: $1,190,000

4: $840,000

5: $700,000

6: $620,000

7: $575,000

8: $535,000

9: $500,000

10: $465,000

11: $430,000

12: $395,000

13: $365,000

14: $335,000

15: $309,000

16: $288,000

17: $268,000

18: $248,000

19: $228,000

20: $213,000

21: $198,000

22: $185,000

23: $175,000

24: $165,000

25: $155,000

26: $145,000

27: $135,000

28: $125,000

29: $116,500

30: $110,000

31: $105,000

32: $100,000

33: $95,000

34: $90,000

35: $85,000

36: $80,000

37: $75,000

38: $70,000

39: $65,000

40: $60,000

41: $55,000

42: $50,000

43: $48,000

44: $46,000

45: $44,000

46: $43,000

47: $42,000

48: $41,000

49: $40,000

50: $39,000

51: $38,000

52: $37,000

53: $36,500

54: $36,000

55: $35,500

56: $35,000

57: $34,500

58: $34,000

59: $33,500

60: $33,000

61: $32,500

62: $32,000

63: $31,500

64: $31,000

65: $30,500

66: $30,000

67: $29,500

68: $29,000

69: $28,500

70: $28,000

71: $27,500

72: $27,000

73: $26,500

74: $26,000

75: $25,500

76: $25,000

Players missing the cut and turning in a 36-hole score will be paid $4,000 each. Any player making the cut but failing to submit a 72-hole score will also be paid $4,000.

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This article was originally published on golfdigest.com