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The prize fund was increased to US$8,000,000 in 2012 [5] and then US$9,000,000 in 2021 when the European Tour announced the new title sponsorship with DP World Tour. The tournament also determines the Race to Dubai Bonus Pool, which goes to the top golfers on the DP World Tour Rankings after the tournament.
This was extra prize money which was distributed at the end of the season to the most successful players of the year—but only golfers who had played in a high number of the European Tour's events could receive a share. This system continued until 1998, after which renewed emphasis was placed on maximising prize money in individual tournaments.
In addition, the DP World Tour Championship, Dubai was cut to the top 50 golfers on the Race to Dubai list, the prize fund was kept at $8 million but the winner's share was increased to $3 million. This was designed to increase interest and player participation in the event. [19]
The 2024 European Tour, titled as the 2024 DP World Tour for sponsorship reasons, was the 53rd season of the European Tour, the main professional golf tour in Europe since its inaugural season in 1972. It was the third season of the tour under a title sponsorship agreement with DP World that was announced in November 2021. [1]
Meanwhile, the PGA Tour handed out more than $560 million in prize money in 2023, including $100 million for the Player Impact Program and $75 million for the Tour Championship. The PIP money goes ...
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However, this speculation proved misplaced or at least premature, as the 2011 season was announced with only one less official money event than in 2010, with virtually identical prize money. [6] The Asian Tour and the LPGA of Japan Tour enjoyed rapid growth in prize money in the early 2000s, and were less affected by the economic crisis than ...