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2023 Arnold Palmer Invitational Purse and Payout Breakdown

By Jeff Stinger

The PGA TOUR continues its Florida Swing with a quick visit to the suburbs of Bay Hill in Orlando for the annual running of the Arnold Palmer Invitational. A good handful of the TOUR’s elite golfers are ready to tee off this week, which means there’s bound to be a sizeable payout in store for the event’s participants.

Nitrobetting is here to help turn your golf bets from bogeys to birdies. This time, let’s take a breather from the thrilling golf betting action to find out the total prize money at stake in the 2023 Arnold Palmer Invitational set to tee off this week.

2023 Arnold Palmer Invitational Info

  • When: Thursday, Mar. 2 – Sunday, Mar. 5
  • Where: Arnold Palmer’s Bay Hill Club and Lodge, Orlando, FL
  • TV: Golf Channel
  • Live Stream: GolfChannel.com
  • Purse: $20,000,000

The 2023 Arnold Palmer Invitational has been named after Hall-of-Fame golfer Arnold Palmer since 2017, shortly after Palmer’s passing in 2016. A relatively compact field of 120 golfers makes up this special tournament, which now boasts a staggering prize pool increase.

A massive prize purse worth $20 million is at stake this week in Bay Hill. This is a huge jump from the $20 million total payout from last year and is a testament to the PGA TOUR’s commitment to rivaling its competitor in LIV Golf in terms of prize winnings.

Here’s how the $8.4 million prize money for each of the top 10 finishers of the 2023 Arnold Palmer Invitational will be distributed:

  • 1st Place: $3,600,000
  • 2nd Place: $2,160,000
  • 3rd Place: $1,360,000
  • 4th Place: $960,000
  • 5th Place: $800,000
  • 6th Place: $720,000
  • 7th Place: $670,000
  • 8th Place: $620,000
  • 9th Place: $580,000
  • 10th Place: $540,000

Where to Bet on the Golf with BTC

2023 Arnold Palmer Invitational odds are available here at Nitrobetting. Create a Nitrobetting account now to place your stakes on any of the elite golfers teeing off this weekend.

This is just one of the many sports betting guides that you can read here at Nitrobetting news. Stay tuned for more PGA TOUR tournament previews and articles and don’t forget to check out the latest golf betting odds on our sportsbook.

*All odds stated are subject to change without prior notice.