The players of the DP World Tour of golf will compete in 2023 for a total prize fund of 144.2 million dollars – apart from the majors and the WGC-Match Play -, and an increase in the bonus pool of 6 million dollars for the first eight players in the final ranking of the old European circuit.
This was reported this Thursday by the DP World Tour itself, which adds that as part of this record total prize fund, the 2023 season will also have a new Earnings Guarantee Program for players.
“Exempt players from categories 1 to 17 will be guaranteed a minimum earnings of $150,000 if they compete in 15 or more tournaments as part of the program that was agreed by the DP World Tour Tournament Committee last week,” adds the circuit.
“Both the record prize pool, increased bonus pool and Earnings Guarantee Program have been made possible by the DP World Tour’s joint venture operating partnership with the PGA Tour that was announced in June,” underlines on the circuit website.
Keith Pelley, CEO of the DP World Tour, comments: “For us, being able to offer our members a record prize fund and increased earning opportunities is huge, especially as global economies are still feeling the effects of the pandemic and with the new challenge of rising inflation putting significant cost pressure on all facets of our business.
“Our global prize pool for the 2023 season represents $50 million more than in 2021 and also underscores the strength of our partnership with the PGA Tour, which is working with us to drive revenue and a long-term growth plan.”
Pelley says. “One of the many benefits that we have been able to introduce through this partnership is the new Income Guarantee Program, similar to what they already have on the PGA Tour. I have always believed that it is an incredible achievement for any professional golfer to simply earn their gaming rights on the DP World Tour and this new initiative recognizes and rewards that achievement.”
“While we will never lose the magic of meritocracy and the purity of a performance-based structure, this now offers income certainty to those players who have risen to the top of the professional game in Europe,” says Pelley.
Also included in the DP World Tour’s record prize pool of $144.2 million is an increase in tournament prize pools for the first four Rolex Series tournaments of 2023. The Abu Dhabi Championship, Dubai Desert Classic, Scottish Open and PGA Championship all go from $8 million in 2022 to $9 million next year, while the season-closing DP World Tour Championship will have a prize pool. of 10 million dollars.