- Record overall prize fund of $144.2million for regular DP World Tour events next season
- Increase in Rolex Series prize funds
- Player Earnings Assurance Programme to be introduced
The DP World Tour today announced its full 12-month schedule for the 2023 season, featuring a minimum of 39 tournaments in 26 countries, once again emphasising its position as golf’s global Tour.
DP World Tour members will compete for an overall prize fund of $144.2million across the tournaments outside the Major Championships and WGC-Dell Technologies Match Play (see Appendix 1 for the full schedule) including an increased bonus pool of $6million for the leading eight players on the DP World Tour Rankings in Partnership with Rolex.
As part of this record total prize fund, the 2023 season will also see the introduction of a new Earnings Assurance Programme for DP World Tour members.
Exempt players in categories 1-17 will be guaranteed minimum earnings of $150,000 if they compete in 15 or more events as part of the programme (see Appendix 2 for further details) which was agreed by the DP World Tour’s Tournament Committee last week.
Both the record prize fund, increased bonus pool and Earnings Assurance Programme have been made possible by the DP World Tour’s operational joint venture partnership with the PGA TOUR which was announced in June.
Keith Pelley, the DP World Tour’s Chief Executive, said: “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.
“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.”
Included in the DP World Tour’s record prize fund of $144.2million is an increase in the tournament prize funds for the first four Rolex Series events of 2023. The Abu Dhabi HSBC Championship, Dubai Desert Classic, Genesis Scottish Open and BMW PGA Championship all move from $8million in 2022 to $9million next year, ahead of the $10million season-ending DP World Tour Championship.
The DP World Tour’s global schedule begins with on November 24, 2022, with a double header – the Fortinet Australian PGA Championship in Brisbane and the Joburg Open in South Africa. The former is one of two tournaments in Australia on the DP World Tour schedule as part of the Strategic Alliance with the ISPS HANDA PGA Tour of Australasia, while the latter is one of six events co-sanctioned with the Sunshine Tour, also as part of a strategic alliance.
Four new tournaments in Asia are also included on the 2023 schedule, with the Singapore Classic (February 9-12) and Thailand Classic (February 16-19) taking place in consecutive weeks, followed by the Tour’s first trip to Japan for the ISPS HANDA – CHAMPIONSHIP (April 20-23) and a return to Korea for the first time since 2013 (April 27-30).
In Europe, there are dates changes for several tournaments, including the Horizon Irish Open moving to September 7-10, while the Italian Open will take place from May 4-7 ahead of venue Marco Simone Golf & Country Club hosting the 2023 Ryder Cup from September 29 – October 1.
There is also a new three-week summer break in the schedule following the 151st Open Championship and Barracuda Championship (both July 20-23) which has been introduced following player feedback. Further details about the autumn events will be announced in due course.