2024 Veritex Bank Championship payout: What is the purse size of the Korn Ferry Tour tournament?

The 2024 Veritex Bank Championship on the Korn Ferry Tour kicked off on April 25 at the Texas Rangers Golf Club.

The purse for the 2024 Veritex Bank Championship is $1,000,000 and the winner's share is $180,000. The top 5 are expected to receive payouts in excess of $50,000 depending on ties.

The Top 10 will receive more than $20,000 and the Top 50 are expected to earn more than $5,000. The last place finisher (among those who make the cut) is scheduled for a paycheck of around $3,800.

The 2024 event is the fourth edition of the Veritex Bank Championship. Tyson Alexander (currently on the PGA Tour) won the first two editions, while Spencer Levin is the defending champion and is in the 2024 field.

The Texas Rangers Golf Course, the only course in the world named after a Major League Baseball (MLB) team, is 7,010 yards and par-71.

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2024 Veritex Bank Championship: Highlights

The 2024 Veritex Bank Championship is only playing its second round but has already witnessed several highlights.

Frankie Capan III fired a first round of 13-under 58 to tie for the second-best all-time score on the Korn Ferry Tour. Capan III also beat the course record, which was held by none other than Scottie Scheffler, by one stroke.

Capan III also tied for the second-best all-time score record in all major golf tournaments in the world (tied with several other players). The leading score at this level (57) was also achieved on the Korn Ferry Tour by Chile's Cristobal Del Solar.

The young prodigy Miles Russell surprised everyone again with a first round of 3 under 68 (four birdies and one bogey). With this score, Russell moved into the middle of the leaderboard and has a chance to make the cut on the Korn Ferry Tour for the second week in a row.

Russell made headlines a week ago when he finished in the Top 20 at the LECOM Suncoast Classic with a 14-under score and two rounds of 66.