The tour began 91 years ago in 1929 and at various times the tournament players had attempted to operate independently from the club professionals. With an increase of revenue in the late 1960s due to expanded television coverage, a dispute arose between the touring professionals and the PGA of America on how to distribute the windfall. The tour players wanted larger purses, where the PGA desired the money to go to the general fund to help grow the game at the local level. Following the final major in July 1968 at the PGA Championship, several leading tour pros voiced their dissatisfaction with the venue and the abundance of club pros in the field. The increased friction resulted in a new entity in August, what would eventually become the PGA Tour. Tournament players formed their own organization, American Professional Golfers, Inc. (APG), independent of the PGA of America. Its headquarters were in New York City.
Due to the multiplicity of names, there is often confusion as to what the PGA Tour organization does and does not run. Of the events in the PGA Tour schedule, it does not run any of the four major championships (the Masters Tournament, the U.S. Open, The Open Championship and the PGA Championship), or the Ryder Cup. The PGA of America, not the PGA Tour, runs the PGA Championship, the Senior PGA Championship, and co-organizes the Ryder Cup with Ryder Cup Europe, a company controlled by the PGA European Tour. Additionally, the PGA Tour is not involved with the women's golf tours in the U.S., which are mostly controlled by the LPGA. The PGA Tour is also not the governing body for the game of golf in the United States; this, instead, is the role of the United States Golf Association (USGA), which organizes the U.S. Open. What the PGA Tour does organize are the remaining 43 (in 2009) week-to-week events, including The Players Championship and the FedEx Cup events, as well as the biennial Presidents Cup. It also runs the main tournaments on five other tours: PGA Tour Champions, the Korn Ferry Tour (formerly known as Web.com Tour), PGA Tour Canada, PGA Tour China, and PGA Tour Latinoamérica.
Finally, two events held in Asia after the end of the PGA Tour's current regular season – the CIMB Classic in Malaysia and the HSBC Champions, a World Golf Championships event held in China – became full PGA Tour events, with official prize money, for the first time. Before 2013, neither event had full PGA Tour status despite being sanctioned by the Tour. Wins in the CIMB Classic were not classified as official PGA Tour wins, and HSBC Champions victories were official wins only for current PGA Tour members. Money earned in these events did not count as official PGA Tour earnings for any purpose.
The PGA Tour is also covered extensively outside the United States. In the United Kingdom, Sky Sports was the main broadcaster of the tour for a number of years up to 2006. Setanta Sports won exclusive UK and Ireland rights for six years from 2007 for a reported cost of £103 million. The deal includes Champions Tour and the Nationwide Tour events, but like the U.S. television deals it does not include the major championships, and unlike the U.S. deal, it does not include the World Golf Championships. Setanta set up the Setanta Golf channel to present its coverage. On June 23, 2009, Setanta's UK arm went into administration and ceased broadcasting. Eurosport picked up the television rights for the remainder of the 2009 season. Sky Sports regained the TV rights with an eight-year deal from 2010 to 2017. In South Korea, SBS, which has been the tour's exclusive TV broadcaster in that country since the mid-1990s, agreed in 2009 to extend its contract with the PGA Tour through 2019. As a part of that deal, it became sponsor of the season's opening tournament, a winners-only event that was renamed the SBS Championship effective in 2010. In 2011 however, Korean automobile manufacturer Hyundai took over the title sponsorship, but SBS still remains a sponsor of the event.
The Tour continues through the fall, with the focus on the scramble of the less successful players to earn enough money to retain their tour cards. A circuit known as the Fall Series, originally with seven tournaments but now with four, was introduced in 2007. In its inaugural year, its events were held in seven consecutive weeks, starting the week after the Tour Championship. As was the case for the FedEx Cup playoff schedule, the Fall Series schedule was also tweaked in 2008 and 2009. The first 2008 Fall Series event was held opposite the Ryder Cup, and the Fall Series took a week off for the Tour Championship before continuing with its remaining six events.