Euro Tour extends Race to Dubai for 3 years

The European Tour announced on Sunday that the Race to Dubai has been extended for three years.

The season-ending event will change names from the Dubai World Championship to the DP World Tour Championship. It will remain at Jumeirah Golf Estates, where it has been held for the first three years of the tournament.

"We are delighted to be announcing the start of a new phase for The Race to Dubai and, specifically, the newly re-titled DP World Tour Championship, Dubai, at Jumeirah Golf Estates," said European Tour chief executive George O'Grady.

The prize fund was increased by $500,000 to make it an $8 million purse, with the winner earning $1.33 million. The bonus pool money will be adjusted as well, but that breakdown has not been determined yet.

Luke Donald held off Rory McIlroy to win the 2011 Race to Dubai on Sunday and in doing so, became the first player to ever top the PGA Tour and European Tour money lists in the same year.

The 2011 Race included 52 tournaments dating back to December 2010. The full 2012 schedule has not been released, but the season finale will be November 22-25, 2012.