DP World Tour announces record prize funds for 2023

The DP World Tour has revealed its schedule for 2023 – accompanied by record amounts of prize money.

Overall purses on the circuit for next season will increase to $144.2million for regular events, while the amount on offer at Rolex Series events will also rise.

Tour officials have also introduced a Player Earnings Assurance Programme, with those in the top 17 exemption categories guaranteed $150,000 if they play at least 15 events.

“For us to be able to offer our members record prize funds and enhanced earning opportunities is massive, particularly when global economies are still feeling the effects of the pandemic and with the new challenge of rising inflation significantly putting pressure on costs in all facets of our business,” said chief executive Keith Pelley.

• Tiger Woods to lead all-star exhibition

• Greg Norman plots 7 LIV Golf signings

“Our overall prize fund for the 2023 season represents $50 million more than 2021 and also underlines the strength of our partnership with the PGA TOUR, who are working with us to drive revenue and a long-term growth plan.

“One of the many benefits we have been able to introduce because of this partnership is the new Earnings Assurance Programme, similar to what they already have on the PGA TOUR. I have always believed that it is an incredible accomplishment for any professional golfer to simply gain their playing rights on the DP World Tour and this new initiative recognises and rewards that achievement.

“Although we will never lose the magic of the meritocracy and purity of a performance-based structure, this now offers certainty of income to those players who have made it to the pinnacle of the professional game in Europe.

“Alongside the John Jacobs Bursary for the top five players who graduate to the DP World Tour from the Challenge Tour, it will provide security and a strong platform for emerging players in particular as they come through the global pathways we have created.”

Purses at the Abu Dhabi HSBC Championship, Dubai Desert Classic, Genesis Scottish Open and BMW PGA Championship will increase from $8million to $9million, with the season-ending DP World Tour Championship worth $10million.

• Woods/McIlroy venture announces star investors

• DJ cuts star from 4 Aces side in 2023 shake-up

The 2023 schedule will begin on November 24 with two events; the Fortinet Australian PGA Championship and the Joburg Open.

It will include four new tournaments in Asia – the Singapore Classic and Thailand Classic, the tour’s first-ever visit to Japan for the ISPS Handa Championship and a return to Korea for the first time in a decade.

A three-week summer break following the Open has also been introduced following feedback from players.