CME Group Tour Championship 'Next Year Total Prize Money 14.3 Billion Won'

$7 Million This Year → $11 Million Next Year Increase
Winner's Prize Money $2 Million → Up to $4 Million
Sponsorship Contract Extended for 2 Years Until 2025

The CME Group Tour Championship, the final event of the LPGA Tour season, will significantly increase its prize money.

The tournament organizer, CME Group, announced on the 15th (local time) that "starting next year, the total prize money for the tournament will be raised to $11 million (approximately 14.3 billion KRW)." This year's CME Group Tour Championship, held on the 16th at the Tiburon Golf Club Gold Course (par 72, 6,556 yards) in Naples, Florida, has a total prize fund of $7 million. This is an increase of a whopping $4 million. CME Group has also agreed with the LPGA Tour to host the CME Group Tour Championship in 2024 and 2025.

Molly Markus Samaan, LPGA Tour Commissioner (left), and Terry Duffy, Chairman of CME Group, are announcing the two-year extension contract for the CME Group Tour Championship. [Naples, USA = AFP·Yonhap News]

The $11 million total prize money matches the amount offered at this year's US Women's Open, which had the highest purse on the LPGA Tour. Since the CME Group Tour Championship features only the top 60 players in CME points, the perceived prize money for players is even greater than that of these major tournaments. This year, the winner received $2 million, but next year's champion will receive $4 million. This is the same amount as the prize money awarded to winners of LIV Golf events. The CME Group Tour Championship winner's prize money will surpass that of the four major men's golf championships.

Terry Duffy, Chairman of CME Group, emphasized gender equality, stating, "I have always believed that if men and women perform the same role in running a company, there is no reason for them to receive different pay," adding, "There is no preferential treatment for men." Molly Markus Samaan, LPGA Tour Commissioner, praised CME Group, saying, "CME Group has always changed the landscape of the LPGA Tour and led its development," and "It is a company that shows the world that the best female players deserve adequate compensation."

This content was produced with the assistance of AI translation services.