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There's a lot on the line at major championships, and that was once again the case Sunday at the 2021 PGA Championship with a massive cash prize and the Wanamaker Trophy going to the victor. While a cash prize may not be atop of the list for everyone, there was still a significant sum available to be claimed at Kiawah Island in South Carolina.

The purse for the 103rd PGA Championship was set at a record $12 million, a sum that surpasses every other major except the U.S. Open. The champion's prize this year is $2.16 million, and that goes to Phil Mickelson, who at age 50 became the oldest major champion in the history of the sport on Sunday.

Sunday marked the first time that a PGA Championship winner has earned more than $2 million from the purse, which passed the Masters this year for the second-largest in the major championship rotation. The U.S. Open remains the biggest purse at the moment with $12.5 million being distributed to the competitors last year and $2.25 million going to the winner Bryson DeChambeau.

Here's a look at all the prize money and payouts for the 103rd PGA Championship.

2021 PGA Championship prize money, purse, payouts

Total purse: $12 million

1st (Winner): $2,160,000 -- Phil Mickelson
2nd: $1,296,000 -- Louis Oosthuizen, Brooks Koepka ($1.056 million each)
3rd: $816,000
4th: $576,000 -- Padraig Harrington, Shane Lowry, Harry Higgs, Paul Casey ($462,250 each)
5th: $480,000
6th: $413,000
7th: $380,000
8th: $350,000 -- Abraham Ancer, Justin Rose, Collin Morikawa, Jon Rahm, Scottie Scheffler, Will Zalatoris, Rickie Fowler, Tony Finau, Kevin Streelman ($263,000 each)
9th: $320,000
10th: $297,000
11th: $275,000
12th: $253,000
13th: $233,000
14th: $223,000
15th: $213,000
16th: $203,000
17th: $193,000 -- Aaron Wise, Patrick Reed, Charley Hoffman, Keegan Bradley, Corey Conners, Sungjae Im ($168,000 each)
18th: $183,000
19th: $173,000
20th: $163,000
21st: $153,000 
22nd: $143,000 
23rd: $133,000 -- Chan Kim, Jason Scrivener, Hideki Matsuyama, Martin Laird, Billy Horschel, Patrick Cantlay, Matthew Fitzpatrick ($100,814 each)
24th: $123,000 
25th: $113,000 
26th: $103,000 
27th: $93,000 
28th: $83,500 
29th: $78,200 
30th: $73,000 -- Matt Jones, Stewart Cink, Viktor Hovland, Webb Simpson, Ian Poulter, Jordan Spieth, Joaquin Niemann, Christiaan Bezuidenhout ($59,750 each)
31st: $69,000 
32nd: $65,000 
33rd: $61,000
34th: $57,000 
35th: $53,000 
36th: $51,000 
37th: $49,000 
38th: $47,000 -- Emiliano Grillo, Tyrell Hatton, Richy Werenski, Bryson DeChambeau, Gary Woodland, Branden Grace ($42,000 each)
39th: $45,000 
40th: $43,000 
41st: $41,000 
42nd: $39,000 
43rd: $37,000 
44th: $35,000 -- Jason Day, Daniel Van Tonder, Talor Gooch, Ben Cook, Steve Stricker ($31,300 each)
45th: $33,000 
46th: $31,000 
47th: $29,500 
48th: $28,000 
49th: $27,000 -- Byeong Hun An, Sam Horsfield, Rory McIlroy, Robert MacIntyre, Harold Varner III, Jason Kokrak ($24,883 each)
50th: $26,000
51st: $25,000
52nd: $24,000
53rd: $23,900
54th: $23,400
55th: $23,000 -- Matt Wallace, Alex Noren, Carlos Ortiz, Joel Dahmen ($22,475 each)
56th: $22,600
57th: $22,300
58th: $22,000
59th: $21,800 -- Cameron Davis, Robert Streb, Dean Burmester, Denny McCarthy, Cameron Smith ($21,400 each)
60th: $21,600
61st: $21,400
62nd: $21,200
63rd: $21,000
64th: $20,800 -- Garrick Higgo, Henrik Stenson, Harris English, Adam Hadwin, Tom Hoge, Danny Willett, Jimmy Walker ($20,200 each)
65th: $20,600
66th: $20,400
67th: $20,200
68th: $20,000
69th: $19,800
70th: $19.600

When golfers tie for a position, their share of the purse is an average of what those competitors would be paid if they were positioned in order. Players making the cut but finishing below 70th place -- Lucas Herbert, Russell Henley, Tom Lewis, Lee Westwood, Daniel Berger, Wyndham Clark, Brendan Steele, Brad Marek, Rasmus Hojgaard, Bubba Watson, Brian Gay -- will be paid in decreasing increments of $100 starting with 71st getting $19,500. All players who missed the cut with a 36-hole score will be paid $3,200, and any players who made the cut but withdraw before the conclusion of 72 holes will also be paid $3,200.