LPGA Will Have a Record Payday for Women's Sports in 2024

Next year's season finale, the CME Group Tour Championship, will pay $4 million to the winner from an $11 million purse.

Eye-popping payouts have been all the rage in men's golf over the past couple years, with tournament winners in LIV Golf and select PGA Tour events making $4 million.

Next year, the women will get into that act.

The LPGA and CME Group on Wednesday announced an extension of the CME Group Tour Championship and season-long Race to the CME Globe through 2025, with next year's season finale featuring an $11 million purse with a record $4 million to the winner.

Next year's CME Group Championship will pay $4 million to the winner :: Douglas P. DeFelice/Getty Images

"As a long-standing supporter of women in business and sports, CME Group is pleased to continue our partnership with the LPGA to further elevate women’s golf,” said CME Group chairman and chief executive officer Terry Duffy. “Beginning next year, the CME Group Tour Championship’s $11 million purse will be the highest on the LPGA Tour, and the $4 million first place prize will be the largest single prize in women’s sports.

"Both of these developments will make our event even more exciting for the players and spectators, while bringing more parity to the game." 

The season finale will also pay $1 million to the runner-up and guarantee at least $55,000 to everyone in the 60-player field, which is filled via a season-long points race.

This year's U.S. Women's Open had the largest purse in women's golf history at $11 million, with Allisen Corpuz taking a record $2 million winner's share.

The 2023 U.S. Open tennis tournament paid $3 million to winner Coco Gauff.

This year's CME Group Tour Championship begins Thursday in Naples, Fla.