Women’s PGA Championship doubles prize money to $9 million

The KPMG Women’s Championship doubles its portfolio to $9 million, another boost to the women’s game that brings prize money to the Big Five majors to triple what it was a decade ago.

The increase in prize money for the LPGA Tour’s second oldest major is a 300% increase over 2014, the year before KPMG and PGA of America partnered with the LPGA Tour to raise prize money and profile by moving them into Legendary Tournaments.

The Women’s PGA Championship begins Thursday at the Congress Country Club, which has hosted the three-time US Open. The winner will receive $1.35 million.

The USGA has signed presenting sponsor (ProMedica) for the US Women’s Open in nearly double the prize money from what was already the major LPGA major. Minjee Lee won $1.8 million of his $10 million purse earlier this month at Pine Needles.

France’s Amundi Evian has already announced a $2 million increase to $6.8 million, while the AIG Women’s British Open has seen steady increases with a new tournament sponsor and is now worth $6.8 million. Chevron had a $5 million purse, nearly $2 million more than the previous year.

This brings the value of the prize money for the five majors to $37.3 million. In 2012, the same five tournaments collected $13.75 million in prize money.

Every US Women’s Open has corporate sponsors as part of the title.

“We accelerate the advancement, development, and empowerment of women on and off the golf course,” said Paul Knopp, KPMG US President and CEO. “The exponentially increased portfolio size – along with top-of-the-line courses in key markets, network television coverage, advanced data and analytics capabilities delivered via KPMG Performance Insights – are tangible examples of our commitment to advancing global athletes on the LPGA Tour.”

KPMG Performance Insights was launched last year to give women a range of stats to help develop their games.

LPGA Tour commissioner Molly Marco Semaan delivered the news to her players in an email Tuesday morning, and it got a lot of attention.

“I kind of heard a hum going around the club.” Hey, did you see this email, 9 million. “Everyone is so excited,” said Maria Stackhouse. “It is great to be a KPMG ambassador to see us join in this pressure to increase and raise the bar for women’s golf, and it has been accomplished with this tournament in terms of competition since KPMG took the reins. things. So seeing the cash go up too, it really really cemented this as…one of the first, if not the first, pioneers in women’s golf. ”

Since KPMG became a sponsor, the women’s PGA has gone to Hazeltine, Olympia Fields, Aronimink, and Sahalee, all of which have hosted the men’s majors. Nelly Korda is the defending champion, and last year she won the Atlanta Athletic Club to reach number one for the first time.

The field features 99 of the top 100 players on the LPGA Tour money list.

“This is a very important day for the PGA, women’s golf and women’s sports,” said Marco Semaan. “We look forward to working with KPMG and the US PGA to continue using our platform to empower young women and inspire positive change in the world.”

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